Nordwand Advisors LLC Buys Shares of 987 Marsh & McLennan Companies, Inc. $MMC

Nordwand Advisors LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 987 shares of the financial services provider’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also modified their holdings of MMC. Harbour Investments Inc. boosted its holdings in Marsh & McLennan Companies by 3.6% in the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 44 shares during the period. IFP Advisors Inc grew its position in Marsh & McLennan Companies by 0.6% in the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Marsh & McLennan Companies by 1.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 47 shares during the period. E Fund Management Co. Ltd. lifted its stake in shares of Marsh & McLennan Companies by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after buying an additional 47 shares during the period. Finally, McAdam LLC grew its position in Marsh & McLennan Companies by 1.2% during the first quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MMC shares. Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price objective for the stock from $209.00 to $191.00 in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Barclays reduced their price objective on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $228.63.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Down 0.3%

NYSE MMC opened at $180.26 on Wednesday. The stock’s 50 day simple moving average is $192.27 and its 200 day simple moving average is $207.18. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00. The firm has a market cap of $88.31 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

About Marsh & McLennan Companies

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.