Marsh & McLennan Companies, Inc. $MMC Shares Bought by Mogy Joel R Investment Counsel Inc.

Key Points

• Mogy Joel R Investment Counsel Inc. increased its investment in Marsh & McLennan Companies, Inc. by 6.2% during the 2nd quarter, holding a total of 22,023 shares valued at approximately $4.8 million.
• The company reported a $2.72 EPS for the recent quarter, surpassing analysts' expectations, with revenue increasing 12.1% year-over-year to $6.97 billion.
• Marsh & McLennan declared a $0.90 quarterly dividend, with an annualized dividend yield of 1.8% set to be paid on November 14th to shareholders of record on October 2nd.

Mogy Joel R Investment Counsel Inc. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,023 shares of the financial services provider's stock after acquiring an additional 1,295 shares during the period. Mogy Joel R Investment Counsel Inc.'s holdings in Marsh & McLennan Companies were worth $4,815,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter worth about $25,000. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter worth about $28,000. Activest Wealth Management boosted its stake in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider's stock worth $28,000 after buying an additional 111 shares during the last quarter. City Holding Co. acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at about $37,000. Finally, Capital Analysts LLC lifted its stake in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 64 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.2%

MMC stock traded up $0.37 during midday trading on Monday, hitting $197.15. 846,208 shares of the company's stock were exchanged, compared to its average volume of 2,249,842. 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, Inc. has a 12-month low of $195.01 and a 12-month high of $248.00. The firm has a 50 day moving average price of $205.22 and a 200-day moving average price of $218.83. The stock has a market capitalization of $96.92 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be paid 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 is Thursday, October 2nd. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MMC shares. Barclays reduced their price objective on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Citigroup started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target on the stock. Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a "peer perform" rating on the stock. UBS Group reduced their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating on the stock in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, July 21st. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $238.76.

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.