Choreo LLC Takes $3.31 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Choreo LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,731 shares of the financial services provider’s stock, valued at approximately $3,309,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Vanguard Group Inc. increased its holdings in shares of Marsh & McLennan Companies by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock valued at $9,046,079,000 after acquiring an additional 119,236 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Marsh & McLennan Companies by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after purchasing an additional 380,828 shares during the last quarter. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $1,048,077,000. Parnassus Investments LLC lifted its position in shares of Marsh & McLennan Companies by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after buying an additional 11,459 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Marsh & McLennan Companies by 9.6% in the 4th quarter. UBS Group AG now owns 3,474,995 shares of the financial services provider’s stock valued at $658,407,000 after buying an additional 305,440 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on MMC shares. Bank of America raised their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. raised 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. Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Roth Mkm boosted their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Barclays initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $215.53.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction dated 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 approximately $7,578,560.34. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’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 completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,578,560.34. The disclosure for this sale can be found here. Insiders sold 27,735 shares of company stock worth $6,151,377 in the last quarter. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $230.58 on Tuesday. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market cap of $113.39 billion, a P/E ratio of 29.26, a PEG ratio of 3.18 and a beta of 0.94. The business’s 50-day moving average price is $220.79 and its 200 day moving average price is $210.84.

Marsh & McLennan Companies (NYSE:MMC) last released its 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. The business had revenue of $6.22 billion for 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 business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.41%. This is an increase 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 currently 41.37%.

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.