Norden Group LLC Grows Position in Marsh & McLennan Companies, Inc. $MMC

Norden Group LLC lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.5% in the 2nd quarter, Holdings Channel reports. The firm owned 971 shares of the financial services provider’s stock after acquiring an additional 51 shares during the period. Norden Group LLC’s holdings in Marsh & McLennan Companies were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares during the last quarter. Bison Wealth LLC lifted its stake in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Marsh & McLennan Companies by 5.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,333 shares of the financial services provider’s stock worth $10,904,000 after buying an additional 2,690 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Marsh & McLennan Companies by 3.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,927 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 125 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Marsh & McLennan Companies by 69.6% during the first quarter. Versant Capital Management Inc now owns 1,260 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 517 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.8%

MMC opened at $199.60 on Friday. The firm has a market capitalization of $98.13 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.51 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year high of $248.00. The business has a 50 day simple moving average of $203.86 and a two-hundred day simple moving average of $217.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 earnings per share. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 1.8%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MMC has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, July 21st. Citigroup began coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price for the company. Barclays decreased their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Finally, Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $238.76.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.