Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Occidental Asset Management LLC

Occidental Asset Management LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,804 shares of the financial services provider’s stock after acquiring an additional 602 shares during the period. Occidental Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $3,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies during the first quarter worth $27,000. Crewe Advisors LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 712.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 1.1 %

Shares of NYSE:MMC opened at $227.52 on Tuesday. The business has a 50-day moving average price of $224.66 and a 200 day moving average price of $214.45. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. 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 company has a market capitalization of $112.10 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 EPS. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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 1.43%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 41.37%.

Insider Activity at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,566 shares of company stock worth $4,420,137 in the last three months. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Royal Bank of Canada boosted their price objective on 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. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Roth Mkm boosted their price target 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. Finally, Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $216.69.

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.