Lindenwold Advisors INC Buys 508 Shares of Marsh & McLennan Companies, Inc. $MMC

Lindenwold Advisors INC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,932 shares of the financial services provider’s stock after purchasing an additional 508 shares during the quarter. Marsh & McLennan Companies makes up approximately 1.7% of Lindenwold Advisors INC’s portfolio, making the stock its 16th biggest holding. Lindenwold Advisors INC’s holdings in Marsh & McLennan Companies were worth $3,265,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Conning Inc. raised its holdings in shares of Marsh & McLennan Companies by 6.7% in the 2nd quarter. Conning Inc. now owns 19,024 shares of the financial services provider’s stock worth $4,159,000 after purchasing an additional 1,191 shares during the period. Drucker Wealth 3.0 LLC raised its holdings in shares of Marsh & McLennan Companies by 44.3% in the 2nd quarter. Drucker Wealth 3.0 LLC now owns 1,348 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 414 shares during the period. Aberdeen Group plc raised its holdings in shares of Marsh & McLennan Companies by 8.3% in the 2nd quarter. Aberdeen Group plc now owns 410,373 shares of the financial services provider’s stock worth $88,987,000 after purchasing an additional 31,304 shares during the period. PDS Planning Inc raised its holdings in Marsh & McLennan Companies by 44.1% during the 2nd quarter. PDS Planning Inc now owns 4,689 shares of the financial services provider’s stock valued at $1,025,000 after acquiring an additional 1,434 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its holdings in Marsh & McLennan Companies by 16.0% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 18,615 shares of the financial services provider’s stock valued at $4,070,000 after acquiring an additional 2,566 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MMC. Weiss Ratings reissued a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Keefe, Bruyette & Woods lowered their target price on shares of 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 shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Barclays lowered their target price on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Morgan Stanley lowered their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $237.13.

Marsh & McLennan Companies Stock Up 0.5%

MMC opened at $207.12 on Friday. The stock has a market cap of $101.82 billion, a PE ratio of 24.83, a P/E/G ratio of 2.60 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00. The business’s fifty day simple moving average is $203.29 and its 200 day simple moving average is $215.73.

Marsh & McLennan Companies (NYSE:MMC) last released 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 business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations 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 was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

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.