Marshall Wace LLP Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marshall Wace LLP purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 99,100 shares of the financial services provider’s stock, valued at approximately $20,882,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMC. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies during the 1st quarter worth about $27,000. Clear Investment Research LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $33,000. Crewe Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 80 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $35,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares in the company, valued at approximately $2,609,420. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were 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 in the company, valued at approximately $2,609,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,735 shares of company stock valued at $4,897,317. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of a number of analyst reports. Barclays started coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. Royal Bank of Canada upped their price target 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. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Two equities research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Trading Down 0.0 %

NYSE:MMC opened at $223.80 on Friday. The company has a market cap of $110.27 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32. The business has a 50 day moving average price of $223.58 and a two-hundred day moving average price of $212.78. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last released its 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. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 annualized dividend and a yield of 1.46%. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

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.