Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Drake & Associates LLC

Drake & Associates LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 57.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,391 shares of the financial services provider’s stock after purchasing an additional 4,545 shares during the period. Marsh & McLennan Companies makes up 0.7% of Drake & Associates LLC’s investment portfolio, making the stock its 28th largest holding. Drake & Associates LLC’s holdings in Marsh & McLennan Companies were worth $2,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $25,000. Knuff & Co LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth about $28,000. Activest Wealth Management grew its stake in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. City Holding Co. purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at about $37,000. Finally, Capital Analysts LLC lifted its holdings in shares of Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marsh & McLennan Companies 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 transaction 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. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MMC shares. Wells Fargo & Company dropped their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research note on Friday, July 18th. Wolfe Research began coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating for the company. Morgan Stanley reduced their price objective on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Saturday, September 27th. Finally, UBS Group reduced their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $238.76.

Marsh & McLennan Companies Trading Up 0.1%

MMC stock opened at $201.37 on Tuesday. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00. The company has a market cap of $99.00 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.53 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. The business has a fifty day simple moving average of $202.86 and a 200-day simple moving average of $216.30.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. The firm 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 earnings per share. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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

Marsh & McLennan Companies 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.