Richardson Financial Services Inc. Purchases 215 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Richardson Financial Services Inc. lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 390.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 270 shares of the financial services provider’s stock after acquiring an additional 215 shares during the period. Richardson Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $57,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Marsh & McLennan Companies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock worth $9,046,079,000 after purchasing an additional 119,236 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Marsh & McLennan Companies by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after buying an additional 380,828 shares during the period. Parnassus Investments LLC grew its position in Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after buying an additional 11,459 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Marsh & McLennan Companies by 0.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,450,461 shares of the financial services provider’s stock worth $653,759,000 after acquiring an additional 25,202 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Marsh & McLennan Companies by 0.4% during the 1st quarter. Clearbridge Investments LLC now owns 3,350,649 shares of the financial services provider’s stock valued at $690,167,000 after acquiring an additional 14,726 shares during the period. 87.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $224.61 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $110.67 billion, a PE ratio of 28.50, a PEG ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The business has a 50-day simple moving average of $223.20 and a two-hundred day simple moving average of $212.15.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued 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 dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

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 stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the sale, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock valued at $4,897,317 over the last 90 days. 0.30% of the stock is owned by insiders.

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.