Financial Counselors Inc. Buys 377 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Financial Counselors Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,894 shares of the financial services provider’s stock after acquiring an additional 377 shares during the quarter. Financial Counselors Inc.’s holdings in Marsh & McLennan Companies were worth $646,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. lifted its position in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at $31,000. Crewe Advisors LLC boosted its position in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 712.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 171 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $41,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $233.23 on Friday. The business’s fifty day simple moving average is $224.26 and its 200 day simple moving average is $219.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $235.50. The firm has a market capitalization of $114.54 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.71 billion. During the same period in the previous year, the firm earned $1.57 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Wall Street Analyst Weigh In

MMC has been the topic of a number of research analyst reports. Bank of America increased their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Wells Fargo & Company cut their price objective on shares of 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. UBS Group boosted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $227.60.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was 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 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate 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.