1,350 Shares in Marsh & McLennan Companies, Inc. $MMC Purchased by Legacy Advisory Services LLC

Key Points

• Legacy Advisory Services LLC purchased a new position in Marsh & McLennan Companies worth approximately $330,000, acquiring 1,350 shares during the first quarter.
• Marsh & McLennan Companies reported a 12.1% year-over-year revenue increase with $2.72 EPS, exceeding expectations of $2.66.
• The company announced a quarterly dividend increase to $0.90 per share, reflecting an annualized yield of 1.8% and maintaining a payout ratio of 43.17%.

Legacy Advisory Services LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,350 shares of the financial services provider's stock, valued at approximately $330,000.

Other large investors have also made changes to their positions in the company. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $28,000. Activest Wealth Management boosted its position in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after purchasing an additional 111 shares during the period. City Holding Co. bought a new stake in Marsh & McLennan Companies during the first quarter worth approximately $37,000. Finally, Capital Analysts LLC boosted its position in Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock worth $41,000 after purchasing an additional 64 shares during the period. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

MMC stock traded down $0.49 during midday trading on Friday, hitting $202.97. The stock had a trading volume of 2,652,548 shares, compared to its average volume of 1,856,531. The firm has a market capitalization of $99.78 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 2.56 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 52 week low of $196.27 and a 52 week high of $248.00. The stock has a 50-day simple moving average of $206.85 and a 200 day simple moving average of $220.43. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The firm had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.Marsh & McLennan Companies's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $2.41 earnings per share. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 24th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date was Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio is 43.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MMC shares. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, July 21st. Citigroup started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an "overweight" rating and a $256.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research report on Friday, July 18th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $238.76.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.