Financial Advocates Investment Management Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Financial Advocates Investment Management raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,165 shares of the financial services provider’s stock after buying an additional 85 shares during the period. Financial Advocates Investment Management’s holdings in Marsh & McLennan Companies were worth $929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies during the first quarter worth $27,000. Crewe Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 171 shares during the period. Ridgewood Investments LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at $41,000. Finally, Bangor Savings Bank purchased a new position in Marsh & McLennan Companies in the third quarter valued at $46,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MMC shares. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Barclays started coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $225.33.

Marsh & McLennan Companies Stock Up 0.4 %

MMC opened at $219.10 on Friday. The business’s 50-day simple moving average is $225.16 and its 200-day simple moving average is $216.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $232.32. The stock has a market capitalization of $107.60 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 3.29 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

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.