3,944 Shares in Marsh & McLennan Companies, Inc. $MMC Purchased by Marshall Financial Group LLC

Key Points

• Marshall Financial Group LLC acquired a new stake of 3,944 shares in Marsh & McLennan Companies, Inc., valued at approximately $841,000, in the second quarter.
• Several hedge funds increased their positions in Marsh & McLennan, with 87.99% of the stock currently owned by institutional investors and hedge funds.
• Marsh & McLennan's stock has experienced price adjustments by multiple analysts, with target prices reduced and a current average rating of "Hold" alongside an average target price of $238.76.

Marshall Financial Group LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,944 shares of the financial services provider's stock, valued at approximately $841,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MMC. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $25,000. Knuff & Co LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $28,000. Activest Wealth Management lifted its position in Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 111 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $37,000. Finally, City Holding Co. purchased a new position in Marsh & McLennan Companies during the first quarter valued at $37,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MMC shares. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a report on Friday, July 18th. UBS Group decreased their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Wolfe Research initiated coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Citigroup assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target on the stock. Finally, Barclays reduced their price target on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $238.76.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

MMC traded up $0.67 during trading on Friday, reaching $196.82. The company's stock had a trading volume of 3,617,654 shares, compared to its average volume of 1,944,385. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-week high of $248.00. The company's fifty day moving average price is $205.22 and its 200-day moving average price is $218.95. The company has a market capitalization of $96.76 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio is 43.17%.

Marsh & McLennan Companies 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.