3,805 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,805 shares of the financial services provider’s stock, valued at approximately $849,000.

Several other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC lifted its position in Marsh & McLennan Companies by 3.3% in the third quarter. Apollon Wealth Management LLC now owns 62,270 shares of the financial services provider’s stock worth $13,892,000 after purchasing an additional 2,003 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Marsh & McLennan Companies by 33.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,352 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 585 shares in the last quarter. Cottonwood Capital Advisors LLC bought a new stake in Marsh & McLennan Companies in the third quarter valued at about $202,000. Ashton Thomas Securities LLC acquired a new position in Marsh & McLennan Companies in the third quarter worth about $126,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 219.5% during the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after purchasing an additional 363,569 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Roth Mkm raised their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Barclays assumed coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Bank of America upped their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $225.33.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Trading Up 0.2 %

MMC stock opened at $225.64 on Thursday. The business has a fifty day moving average of $224.68 and a 200-day moving average of $217.64. The company has a market cap of $110.82 billion, a P/E ratio of 27.79, a PEG ratio of 3.35 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results 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 net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the firm earned $1.57 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts expect 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. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Marsh & McLennan Companies Company Profile

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.