Richardson Financial Services Inc. Has $57,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Richardson Financial Services Inc. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 390.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 270 shares of the financial services provider’s stock after purchasing an additional 215 shares during the quarter. Richardson Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $57,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MMC. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $25,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the first quarter valued at about $27,000. Sachetta LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $29,000. Crewe Advisors LLC lifted 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 purchasing an additional 80 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $35,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity

In related news, 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 transaction of $2,324,098.65. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies 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 directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The disclosure for this sale can be found here. Insiders sold a total of 21,735 shares of company stock valued at $4,897,317 over the last three months. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.7 %

NYSE MMC opened at $224.61 on Friday. The company has a market cap of $110.67 billion, a PE ratio of 28.50, a PEG ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The stock has a 50 day moving average of $223.20 and a 200-day moving average of $212.15. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

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 analysts’ consensus estimates of $2.40 by $0.01. The company 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Wall Street Analysts Forecast Growth

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

About Marsh & McLennan Companies

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.