Vestor Capital LLC Buys 1,658 Shares of Marsh & McLennan Companies, Inc. $MMC

Vestor Capital LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 129.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,940 shares of the financial services provider’s stock after purchasing an additional 1,658 shares during the quarter. Vestor Capital LLC’s holdings in Marsh & McLennan Companies were worth $643,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MMC. Wellington Management Group LLP raised its holdings in Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock valued at $3,127,193,000 after acquiring an additional 4,505,548 shares in the last quarter. Nuveen LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $1,038,594,000. Valeo Financial Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after purchasing an additional 2,623,745 shares in the last quarter. Soundwatch Capital LLC acquired a new stake in Marsh & McLennan Companies during the second quarter worth $560,820,000. Finally, Vanguard Group Inc. increased its holdings in Marsh & McLennan Companies by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after buying an additional 837,117 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $181.08 on Friday. The stock has a market capitalization of $88.71 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The firm has a 50 day moving average of $190.92 and a 200-day moving average of $206.32. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $248.00 to $242.00 in a report on Thursday, October 9th. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and cut their price target for the stock from $209.00 to $191.00 in a research note on Friday, October 17th. Evercore ISI lowered their price objective on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their target price for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. Finally, Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $227.69.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated 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 approximately $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

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.