Summit Trail Advisors LLC Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Summit Trail Advisors LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,504 shares of the financial services provider’s stock after buying an additional 1,030 shares during the period. Summit Trail Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in shares of Marsh & McLennan Companies by 5.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 169,151 shares of the financial services provider’s stock worth $35,644,000 after purchasing an additional 8,796 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Marsh & McLennan Companies by 139.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 232,655 shares of the financial services provider’s stock valued at $49,025,000 after purchasing an additional 135,405 shares during the period. AE Wealth Management LLC grew its stake in Marsh & McLennan Companies by 10.5% in the second quarter. AE Wealth Management LLC now owns 2,868 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 272 shares during the period. King Luther Capital Management Corp lifted its position in Marsh & McLennan Companies by 313.5% during the second quarter. King Luther Capital Management Corp now owns 57,532 shares of the financial services provider’s stock valued at $12,123,000 after buying an additional 43,618 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Marsh & McLennan Companies by 30.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 337,980 shares of the financial services provider’s stock worth $71,219,000 after buying an additional 79,356 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of several recent research reports. Roth Mkm upped their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Barclays initiated coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Two research 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $215.53.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was 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 owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. Insiders have sold a total of 21,735 shares of company stock worth $4,897,317 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.5 %

MMC stock opened at $223.55 on Friday. The stock has a market capitalization of $110.15 billion, a P/E ratio of 28.37, a P/E/G ratio of 3.20 and a beta of 0.94. The firm has a 50-day simple moving average of $223.30 and a 200-day simple moving average of $212.37. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 earnings per share. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.46%. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Marsh & McLennan Companies 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.