Sustainable Insight Capital Management LLC Has $3.50 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sustainable Insight Capital Management LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,600 shares of the financial services provider’s stock after purchasing an additional 2,558 shares during the period. Marsh & McLennan Companies accounts for approximately 1.8% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 16th biggest position. Sustainable Insight Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $3,498,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Indiana Trust & Investment Management CO bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Private Wealth Management Group LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $27,000. Sachetta LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $29,000. Finally, Clear Investment Research LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $33,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated 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 approximately $659,925.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The disclosure for this sale can be found here. Insiders sold 27,735 shares of company stock worth $6,151,377 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Trading Down 0.3 %

Shares of MMC stock opened at $227.85 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a fifty day moving average of $220.38 and a 200-day moving average of $210.51. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The stock has a market cap of $112.27 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 3.17 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS 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 earned $2.20 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Roth Mkm boosted their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Barclays initiated coverage on Marsh & McLennan Companies in a research note on Wednesday. They set an “equal weight” rating and a $236.00 target price for the company. Finally, JPMorgan Chase & Co. upped 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. 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 stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently 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.