Marshall Financial Group LLC Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marshall Financial Group LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,814 shares of the financial services provider’s stock after acquiring an additional 67 shares during the quarter. Marshall Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kingfisher Capital LLC increased its stake in Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock valued at $220,000 after buying an additional 47 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 3.7% during the second quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 49 shares during the period. Legacy Financial Advisors Inc. boosted its position in Marsh & McLennan Companies by 2.3% in the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 49 shares during the last quarter. Ritholtz Wealth Management grew its stake in Marsh & McLennan Companies by 0.6% in the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock valued at $1,887,000 after purchasing an additional 51 shares during the period. Finally, X Square Capital LLC raised its stake in shares of Marsh & McLennan Companies by 1.8% during the 2nd quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MMC. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Bank of America upped their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $216.69.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $227.00 on Friday. The company’s 50 day simple moving average is $225.19 and its two-hundred day simple moving average is $214.77. The stock has a market capitalization of $111.85 billion, a PE ratio of 28.81, a P/E/G ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32.

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 the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal 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 dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Buying and Selling

In related news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing 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 stock was 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 owns 33,678 shares in the company, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock worth $4,420,137 in the last ninety days. 0.30% of the stock is owned by 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.