Dynamic Advisor Solutions LLC Grows Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dynamic Advisor Solutions LLC lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,343 shares of the financial services provider’s stock after acquiring an additional 52 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Marsh & McLennan Companies were worth $523,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kingfisher Capital LLC increased its holdings in Marsh & McLennan Companies by 4.7% during the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 47 shares during the last quarter. Drive Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 3.7% in the second quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 49 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 49 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Marsh & McLennan Companies by 0.6% in the 2nd quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock worth $1,887,000 after purchasing an additional 51 shares during the last quarter. Finally, X Square Capital LLC raised its stake in shares of Marsh & McLennan Companies by 1.8% in the 2nd quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’s 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 sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies 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 transaction, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was 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 of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock valued at $4,897,317 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on MMC. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Barclays began 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 objective for the company. Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $216.69.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $225.05 on Friday. The stock’s fifty day moving average is $224.44 and its 200-day moving average is $214.23. The firm has a market capitalization of $110.89 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. 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, Inc. has a one year low of $184.02 and a one year high of $232.32.

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, topping analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the business posted $2.20 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

About Marsh & McLennan Companies

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.