Marsh & McLennan Companies, Inc. $MMC Stock Holdings Increased by Savvy Advisors Inc.

Savvy Advisors Inc. boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 27.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,038 shares of the financial services provider’s stock after purchasing an additional 437 shares during the period. Savvy Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. Brighton Jones LLC raised its position in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Marsh & McLennan Companies by 20.0% during the first quarter. First Horizon Advisors Inc. now owns 715 shares of the financial services provider’s stock worth $175,000 after buying an additional 119 shares in the last quarter. Mutual Advisors LLC boosted its stake in Marsh & McLennan Companies by 15.4% during the first quarter. Mutual Advisors LLC now owns 3,569 shares of the financial services provider’s stock worth $871,000 after buying an additional 477 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in Marsh & McLennan Companies by 45.0% during the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the financial services provider’s stock worth $257,000 after buying an additional 327 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MMC shares. Citigroup started coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective for the company. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and cut their price target for the company from $209.00 to $191.00 in a report on Friday, October 17th. Finally, Morgan Stanley cut their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $234.07.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated 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 $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $178.12 on Friday. The stock has a 50-day simple moving average of $198.29 and a 200 day simple moving average of $210.76. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $87.26 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.25 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 12-month low of $176.10 and a 12-month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.