1,572 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Gateway Advisory LLC

Gateway Advisory LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,572 shares of the financial services provider’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $27,000. Crewe Advisors LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $35,000. Finally, Clear Investment Research LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.5 %

NYSE:MMC opened at $224.57 on Tuesday. The business has a fifty day moving average price of $223.43 and a 200-day moving average price of $212.57. The firm has a market capitalization of $110.65 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one 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.

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 analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the firm posted $2.20 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 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 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on MMC shares. Royal Bank of Canada boosted their price target on 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. JPMorgan Chase & Co. boosted their target price 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. Barclays started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective on the stock. 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 research analysts have rated the stock with a sell rating, twelve have issued 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 price target 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.