Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Wealthsource Partners LLC

Wealthsource Partners LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) by 35.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,938 shares of the financial services provider’s stock after acquiring an additional 774 shares during the period. Wealthsource Partners LLC’s holdings in Marsh & McLennan Companies were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of Marsh & McLennan Companies by 135.7% in the 3rd quarter. Larson Financial Group LLC now owns 165 shares of the financial services provider’s stock valued at $25,000 after buying an additional 95 shares in the last quarter. CoreCap Advisors LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter worth $30,000. SRS Capital Advisors Inc. purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. McClarren Financial Advisors Inc. purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $48,000. Finally, Hanson & Doremus Investment Management grew its stake in Marsh & McLennan Companies by 45.4% in the 3rd quarter. Hanson & Doremus Investment Management now owns 362 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $157.26 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a fifty day moving average price of $168.37 and a two-hundred day moving average price of $164.35. Marsh & McLennan Companies, Inc. has a 52-week low of $143.33 and a 52-week high of $183.14. The firm has a market capitalization of $77.78 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.48 and a beta of 0.93.

Marsh & McLennan Companies (NYSE:MMC – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. Marsh & McLennan Companies had a return on equity of 32.45% and a net margin of 14.72%. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.49 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Thursday, January 26th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Wednesday, January 25th. Marsh & McLennan Companies’s payout ratio is presently 39.20%.

Analysts Set New Price Targets

Several research analysts recently commented on MMC shares. Morgan Stanley raised their price target on shares of Marsh & McLennan Companies from $145.00 to $150.00 and gave the company an “underweight” rating in a report on Tuesday, November 22nd. Credit Suisse Group boosted their price target on shares of Marsh & McLennan Companies from $157.00 to $172.00 and gave the company a “neutral” rating in a report on Monday, January 30th. BMO Capital Markets began coverage on shares of Marsh & McLennan Companies in a research note on Thursday, January 19th. They set a “market perform” rating and a $168.00 price objective on the stock. MKM Partners boosted their price target on shares of Marsh & McLennan Companies from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, January 30th. Finally, Jefferies Financial Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $181.00 to $178.00 in a research report on Monday, January 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $178.62.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,900 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total transaction of $503,730.00. Following the sale, the director now owns 75,447 shares in the company, valued at $13,105,143.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Oscar Fanjul sold 2,900 shares of the firm’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total value of $503,730.00. Following the transaction, the director now owns 75,447 shares in the company, valued at $13,105,143.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 3,140 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $165.22, for a total value of $518,790.80. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $3,458,880.70. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Marsh & McLennan Companies Company Profile

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Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.