Unique Wealth LLC Purchases Shares of 917 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Unique Wealth LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 917 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in MMC. Vanguard Group Inc. increased its stake in Marsh & McLennan Companies by 0.3% during the first quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after acquiring an additional 119,236 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after purchasing an additional 380,828 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Marsh & McLennan Companies by 5.2% in the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock valued at $954,712,000 after purchasing an additional 223,257 shares in the last quarter. Clearbridge Investments LLC lifted its position in Marsh & McLennan Companies by 1.7% in the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after purchasing an additional 58,461 shares during the period. Finally, Jensen Investment Management Inc. boosted its stake in Marsh & McLennan Companies by 1.3% during the second quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock worth $679,837,000 after buying 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

A number of equities analysts have recently commented on the stock. Barclays began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Roth Mkm increased their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Bank of America boosted their price target on Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Royal Bank of Canada lifted their price objective 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 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $216.41.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred 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 approximately $7,578,560.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Down 0.6 %

Shares of MMC opened at $221.80 on Friday. The business’s fifty day moving average price is $224.23 and its two-hundred day moving average price is $213.40. The firm has a market capitalization of $109.29 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 3.13 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the company earned $2.20 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 1.47%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

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.