Kelleher Financial Advisors Takes Position in Marsh & McLennan Companies, Inc. $MMC

Kelleher Financial Advisors acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,777 shares of the financial services provider’s stock, valued at approximately $389,000.

Other hedge funds have also made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the first quarter worth $25,000. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management increased its holdings in Marsh & McLennan Companies by 2,775.0% during the 1st 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 last quarter. Westside Investment Management Inc. raised its stake in shares of Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 109 shares in the last quarter. Finally, Access Investment Management LLC acquired a new position in Marsh & McLennan Companies in the second quarter worth $39,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MMC. Evercore ISI lowered their price objective on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. TD Cowen decreased their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $248.00 to $242.00 in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Finally, The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.63.

Marsh & McLennan Companies Stock Up 2.0%

MMC stock opened at $181.72 on Wednesday. The company has a market capitalization of $89.03 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The business’s 50 day moving average price is $194.46 and its two-hundred day moving average price is $208.66.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. As a group, 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 announced 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 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

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.