Bank of Montreal Can Acquires 35,135 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bank of Montreal Can lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,212,906 shares of the financial services provider’s stock after buying an additional 35,135 shares during the quarter. Bank of Montreal Can owned approximately 0.25% of Marsh & McLennan Companies worth $260,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Indiana Trust & Investment Management CO bought a new position in shares of Marsh & McLennan Companies in the first quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the 1st quarter worth about $27,000. Clear Investment Research LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth about $33,000. Crewe Advisors LLC raised its position in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Marsh & McLennan Companies in the 1st quarter worth about $35,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $223.55 on Monday. The company has a market cap 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 company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50-day moving average of $223.30 and a two-hundred day moving average of $212.43. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during 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 business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed 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. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

Insider Activity

In other news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction dated 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 owns 33,678 shares in the company, valued at approximately $7,625,035.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s 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 sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MMC. Royal Bank of Canada boosted their target price on 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. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Barclays assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target for the company. Finally, 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 note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $215.53.

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.