Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 155.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,962 shares of the financial services provider’s stock after acquiring an additional 1,801 shares during the period. Savvy Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $27,000. Avantax Advisory Services Inc. increased its holdings in Marsh & McLennan Companies by 22.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 14,548 shares of the financial services provider’s stock valued at $2,997,000 after purchasing an additional 2,636 shares in the last quarter. TD Asset Management Inc raised its position in Marsh & McLennan Companies by 15.6% in the first quarter. TD Asset Management Inc now owns 811,988 shares of the financial services provider’s stock valued at $167,253,000 after purchasing an additional 109,877 shares during the period. Alpha Family Trust acquired a new position in shares of Marsh & McLennan Companies during the first quarter worth about $207,000. Finally, Blair William & Co. IL grew its stake in shares of Marsh & McLennan Companies by 0.4% in the first quarter. Blair William & Co. IL now owns 40,912 shares of the financial services provider’s stock valued at $8,427,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Bank of America upped their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. BMO Capital Markets lifted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm upped their price objective 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. Finally, Barclays initiated 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 on the stock. Two research 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $225.24 on Wednesday. The company has a market cap of $110.62 billion, a PE ratio of 27.74, a P/E/G ratio of 3.33 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 company has a fifty day moving average price of $224.75 and a two-hundred day moving average price of $217.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

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 for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed 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 is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio is currently 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.