Mattern Capital Management LLC Raises Stock Position in Marsh & McLennan Companies, Inc. $MMC

Mattern Capital Management LLC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,302 shares of the financial services provider’s stock after purchasing an additional 536 shares during the quarter. Mattern Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC purchased a new stake in Marsh & McLennan Companies in the first quarter worth approximately $25,000. Knuff & Co LLC bought a new position in Marsh & McLennan Companies in the first quarter worth approximately $28,000. Activest Wealth Management raised 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 worth $28,000 after acquiring an additional 111 shares during the period. City Holding Co. bought a new position in Marsh & McLennan Companies in the first quarter worth approximately $37,000. Finally, Capital Analysts LLC raised its position in 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 acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

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

Wall Street Analysts Forecast Growth

MMC has been the topic of several recent research reports. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of 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. UBS Group decreased their price objective on shares of 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, Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $238.76.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $199.71 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $98.18 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.53 and a beta of 0.81. The firm’s fifty day moving average is $203.14 and its two-hundred day moving average is $216.95. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced 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. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a $0.90 dividend. 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 payout ratio is currently 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.