Claro Advisors LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Claro Advisors LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 854 shares of the financial services provider’s stock, valued at approximately $191,000.

Other large investors have also bought and sold shares of the company. RFG Advisory LLC grew its holdings in Marsh & McLennan Companies by 18.1% during the 1st quarter. RFG Advisory LLC now owns 1,583 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 243 shares during the period. &PARTNERS acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $311,000. AdvisorNet Financial Inc grew its holdings in Marsh & McLennan Companies by 3.8% during the 1st quarter. AdvisorNet Financial Inc now owns 1,844 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 68 shares during the period. Global Assets Advisory LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $2,688,000. Finally, Austin Private Wealth LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth about $237,000. 87.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 approximately $659,925.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 approximately $659,925.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, August 5th. The stock was 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 directly owns 33,678 shares in the company, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,566 shares of company stock valued at $4,420,137. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. 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. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday. Barclays assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Finally, Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $221.93.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $224.66 on Monday. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company’s 50 day moving average price is $225.28 and its two-hundred day moving average price is $215.07. 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 stock has a market cap of $110.70 billion, a P/E ratio of 28.51, a P/E/G ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the firm earned $1.57 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared 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 is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.