1832 Asset Management L.P. Purchases 214 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

1832 Asset Management L.P. raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.1% in the first quarter, HoldingsChannel reports. The fund owned 152,183 shares of the financial services provider’s stock after purchasing an additional 214 shares during the quarter. 1832 Asset Management L.P.’s holdings in Marsh & McLennan Companies were worth $31,347,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MMC. Westover Capital Advisors LLC increased its position in shares of Marsh & McLennan Companies by 3.0% during the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 53 shares in the last quarter. Evoke Wealth LLC increased its holdings in Marsh & McLennan Companies by 4.4% during the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 53 shares in the last quarter. RDA Financial Network lifted its holdings in shares of Marsh & McLennan Companies by 3.1% in the first quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 53 shares in the last quarter. Optas LLC boosted its position in shares of Marsh & McLennan Companies by 2.9% during the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock valued at $387,000 after buying an additional 53 shares during the last quarter. Finally, Strategic Blueprint LLC raised its position in Marsh & McLennan Companies by 1.6% in the 1st quarter. Strategic Blueprint LLC now owns 3,411 shares of the financial services provider’s stock valued at $703,000 after buying an additional 54 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MMC shares. UBS Group upped their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America increased their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. TD Cowen upped their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Finally, Evercore ISI lifted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $214.25.

Insider Activity

In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,338 shares of company stock worth $2,187,012. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded up $1.91 during trading on Friday, reaching $217.97. 1,616,181 shares of the company’s stock traded hands, compared to its average volume of 1,821,881. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $221.71. The company has a market capitalization of $107.19 billion, a P/E ratio of 27.66, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average is $212.17 and its 200 day moving average is $204.87.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the company earned $2.20 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.72 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

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.