Maryland State Retirement & Pension System Acquires 932 Shares of Marsh & McLennan Companies, Inc. $MMC

Maryland State Retirement & Pension System raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,988 shares of the financial services provider’s stock after acquiring an additional 932 shares during the period. Maryland State Retirement & Pension System’s holdings in Marsh & McLennan Companies were worth $5,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth approximately $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth approximately $28,000. Activest Wealth Management grew its holdings in shares of 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 worth $28,000 after purchasing an additional 111 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Marsh & McLennan Companies by 61.0% in 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 last quarter. Finally, Garde Capital Inc. bought a new position in shares of Marsh & McLennan Companies in the first quarter worth approximately $42,000. 87.99% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $205.97 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $101.26 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.57 and a beta of 0.81. The business has a fifty day simple moving average of $203.11 and a two-hundred day simple moving average of $215.93. Marsh & McLennan Companies, Inc. has a 12 month low of $195.01 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (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 analyst estimates 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 quarter in the previous year, the firm earned $2.41 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MMC shares. UBS Group cut their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, July 21st. Citigroup began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target on the stock. Finally, Barclays cut their price target on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $237.13.

About Marsh & McLennan Companies

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.