Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11,675.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,415 shares of the financial services provider’s stock after purchasing an additional 3,386 shares during the period. Frank Rimerman Advisors LLC’s holdings in Marsh & McLennan Companies were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MMC. Gryphon Financial Partners LLC lifted its holdings in shares of Marsh & McLennan Companies by 6.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,127 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 67 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Marsh & McLennan Companies by 13.6% in the fourth quarter. Franklin Resources Inc. now owns 179,161 shares of the financial services provider’s stock worth $33,946,000 after acquiring an additional 21,392 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Marsh & McLennan Companies by 16.1% during the fourth quarter. Advisory Services Network LLC now owns 11,680 shares of the financial services provider’s stock valued at $2,213,000 after acquiring an additional 1,622 shares during the period. Congress Wealth Management LLC DE purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $1,222,000. Finally, Nations Financial Group Inc. IA ADV grew its position in Marsh & McLennan Companies by 28.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 1,549 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 346 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $224.57 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. 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 company has a market cap of $110.65 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.20 and a beta of 0.94. The business’s 50 day moving average is $223.43 and its two-hundred day moving average is $212.57.

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

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, SVP Paul Beswick sold 2,169 shares of the company’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 directly owns 11,861 shares in the company, valued at $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the firm’s 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 owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is currently owned by company insiders.

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.