Praxis Investment Management Inc. Buys 3,690 Shares of Marsh & McLennan Companies, Inc. $MMC

Praxis Investment Management Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,320 shares of the financial services provider’s stock after acquiring an additional 3,690 shares during the period. Praxis Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $3,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its position in shares of 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 acquiring an additional 111 shares in the last quarter. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies in the second quarter worth $29,000. Westside Investment Management Inc. lifted its position in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the period. Delos Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at $32,000. Finally, Access Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MMC. TD Cowen dropped their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley lowered their target price on shares of 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. Royal Bank Of Canada assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target on the stock. The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $200.00 to $195.00 in a report on Monday, October 20th. Finally, Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $209.00 to $191.00 in a report on Friday, October 17th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $223.00.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $186.10 on Monday. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The business’s fifty day simple moving average is $186.09 and its two-hundred day simple moving average is $201.32. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The company has a market cap of $91.17 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 3.20 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the firm posted $1.63 earnings per share. Marsh & McLennan Companies’s revenue was up 11.5% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

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.