Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,846 shares of the financial services provider’s stock after buying an additional 4,735 shares during the period. ProShare Advisors LLC’s holdings in Marsh & McLennan Companies were worth $21,250,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $25,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $27,000. Clear Investment Research LLC purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth $33,000. Crewe Advisors LLC raised its position in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Marsh & McLennan Companies during the first quarter valued at $35,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.5 %

Shares of MMC opened at $224.57 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $110.65 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company’s 50-day moving average price is $223.43 and its 200 day moving average price is $212.57. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping 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 firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter last year, the company posted $2.20 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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. 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 payout ratio is 41.37%.

Insider Activity at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the company’s 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 sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at $2,609,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock worth $4,897,317 in the last three months. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MMC shares. Barclays began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. 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. upped their target price on shares of 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 raised their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.