Callan Family Office LLC Has $351,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Callan Family Office LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,572 shares of the financial services provider’s stock after purchasing an additional 194 shares during the quarter. Callan Family Office LLC’s holdings in Marsh & McLennan Companies were worth $351,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MMC. Vanguard Group Inc. raised its stake in Marsh & McLennan Companies by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock worth $9,046,079,000 after buying an additional 119,236 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after purchasing an additional 380,828 shares in the last quarter. Legal & General Group Plc increased its holdings in Marsh & McLennan Companies by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after purchasing an additional 223,257 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Marsh & McLennan Companies by 1.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock worth $718,368,000 after purchasing an additional 58,461 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its holdings in Marsh & McLennan Companies by 1.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock worth $679,837,000 after purchasing an additional 40,182 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.9 %

Shares of MMC opened at $223.97 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $232.32. The company has a market cap of $110.36 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.13 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 firm has a 50 day simple moving average of $224.32 and a two-hundred day simple moving average of $213.71.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 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 the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date 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 presently 41.37%.

Insiders Place Their Bets

In related news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were 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 in the company, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays started coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price for the company. Bank of America raised their price objective on Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. Roth Mkm raised their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $215.81.

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.