Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,222 shares of the financial services provider’s stock after purchasing an additional 49 shares during the period. Legacy Financial Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO purchased a new stake in shares of Marsh & McLennan Companies in the first quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $27,000. Crewe Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $35,000. Finally, Clear Investment Research LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth $33,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock worth $4,897,317 in the last 90 days. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock opened at $223.55 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $110.15 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The business has a 50 day simple moving average of $223.30 and a 200-day simple moving average of $212.37.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company earned $2.20 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MMC shares. Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Barclays assumed coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target for the company. Roth Mkm boosted their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $215.53.

Marsh & McLennan Companies Company Profile

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.