Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Kingfisher Capital LLC

Kingfisher Capital LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,042 shares of the financial services provider’s stock after buying an additional 47 shares during the period. Kingfisher Capital LLC’s holdings in Marsh & McLennan Companies were worth $220,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MMC. Vanguard Group Inc. increased its holdings in Marsh & McLennan Companies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after purchasing an additional 119,236 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Marsh & McLennan Companies by 3.7% in the 1st 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 purchasing an additional 380,828 shares in the last quarter. Parnassus Investments LLC increased its holdings in Marsh & McLennan Companies by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after purchasing an additional 11,459 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Marsh & McLennan Companies by 0.4% in 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 purchasing an additional 14,726 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its holdings in Marsh & McLennan Companies by 1.3% in the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after purchasing an additional 40,182 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada raised their target price on 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. Barclays began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. Finally, Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Stock Performance

MMC opened at $223.24 on Wednesday. The business’s 50 day moving average is $223.52 and its 200-day moving average is $212.70. The stock has a market cap of $109.78 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 3.13 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. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released 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 company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $659,925.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock worth $4,897,317 over the last three months. Corporate insiders own 0.30% of the company’s stock.

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.