Citizens Financial Group Inc. RI Purchases 1,123 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Citizens Financial Group Inc. RI grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,494 shares of the financial services provider’s stock after purchasing an additional 1,123 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Marsh & McLennan Companies were worth $1,579,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Gryphon Financial Partners LLC lifted its holdings in shares of Marsh & McLennan Companies by 6.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,127 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 67 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Marsh & McLennan Companies by 11.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 8,215 shares of the financial services provider’s stock valued at $1,557,000 after buying an additional 849 shares during the period. Sachetta LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $29,000. Quest Partners LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $658,000. Finally, Franklin Resources Inc. boosted its holdings in Marsh & McLennan Companies by 13.6% during the 4th quarter. Franklin Resources Inc. now owns 179,161 shares of the financial services provider’s stock valued at $33,946,000 after acquiring an additional 21,392 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now owns 11,861 shares in the company, valued at $2,609,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock worth $4,897,317 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $228.07 on Wednesday. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The firm has a market capitalization of $112.38 billion, a P/E ratio of 28.94, a P/E/G ratio of 3.20 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $222.83 and a two-hundred day simple moving average of $211.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Analyst Ratings Changes

A number of equities analysts have commented on MMC shares. Bank of America lifted their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Barclays assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada boosted their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies 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.