Stokes Capital Advisors LLC Increases Stock Position in Marsh & McLennan Companies, Inc. $MMC

Stokes Capital Advisors LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,749 shares of the financial services provider’s stock after acquiring an additional 2,555 shares during the quarter. Marsh & McLennan Companies makes up 2.2% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 15th largest position. Stokes Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $9,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Knuff & Co LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management lifted 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 purchasing an additional 111 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $37,000. Finally, City Holding Co. purchased a new position in shares of Marsh & McLennan Companies during the first quarter valued at about $37,000. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on MMC shares. Morgan Stanley cut their price objective on 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. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target on the stock. Wolfe Research initiated coverage on Marsh & McLennan Companies in a research report on Tuesday. They set a “peer perform” rating for the company. Citigroup started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 target price on the stock. Finally, Barclays dropped their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $238.76.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $196.82 on Wednesday. The firm has a market cap of $96.76 billion, a PE ratio of 23.60, a P/E/G ratio of 2.49 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $248.00. 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 fifty day simple moving average of $206.22 and a two-hundred day simple moving average of $219.81.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The company 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 revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.8%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, July 24th. 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.