Schear Investment Advisers LLC Has $415,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Schear Investment Advisers LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,862 shares of the financial services provider’s stock after purchasing an additional 428 shares during the quarter. Schear Investment Advisers LLC’s holdings in Marsh & McLennan Companies were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kinsale Capital Group Inc. boosted its position in shares of Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after acquiring an additional 3,880 shares during the period. Turtle Creek Wealth Advisors LLC boosted its holdings in Marsh & McLennan Companies by 3.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 54 shares during the period. Heritage Investment Group Inc. bought a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $210,000. Natixis Advisors LLC raised its position in shares of Marsh & McLennan Companies by 6.3% in the third quarter. Natixis Advisors LLC now owns 759,300 shares of the financial services provider’s stock valued at $169,392,000 after buying an additional 44,938 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Marsh & McLennan Companies by 5.4% during the third quarter. Empowered Funds LLC now owns 13,937 shares of the financial services provider’s stock worth $3,109,000 after buying an additional 717 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MMC shares. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price for the company. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Roth Mkm boosted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Finally, Bank of America upped their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $222.14 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $109.10 billion, a PE ratio of 27.36, a PEG ratio of 3.30 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $232.32. The business has a 50-day simple moving average of $224.31 and a two-hundred day simple moving average of $218.02.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.