Marsh & McLennan Companies, Inc. $MMC Shares Purchased by Burling Wealth Partners LLC

Burling Wealth Partners LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,786 shares of the financial services provider’s stock after purchasing an additional 1,086 shares during the quarter. Burling Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $4,763,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at about $25,000. Knuff & Co LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $28,000. Activest Wealth Management increased its stake in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the last quarter. Finally, Capital Analysts LLC lifted its stake in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on MMC. Evercore ISI reduced their price target on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Barclays reduced their price target on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 target price for the company. TD Cowen lowered their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Finally, Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $228.63.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $183.73 on Friday. The company has a market cap of $90.01 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The firm has a fifty day moving average price of $193.57 and a two-hundred day moving average price of $208.30.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.