Access Financial Services Inc. Purchases 186 Shares of Marsh & McLennan Companies, Inc. $MMC

Access Financial Services Inc. boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,056 shares of the financial services provider’s stock after acquiring an additional 186 shares during the period. Access Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $1,543,000 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. Harbour Investments Inc. increased its position in Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 44 shares during the last quarter. Defined Wealth Management LLC increased its position in Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 47 shares during the last quarter. IFP Advisors Inc increased its position in Marsh & McLennan Companies by 0.6% in the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in Marsh & McLennan Companies by 1.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock worth $1,102,000 after purchasing an additional 47 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in Marsh & McLennan Companies by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock worth $308,000 after buying an additional 47 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on MMC shares. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, July 21st. Morgan Stanley dropped their price objective on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Citigroup started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, July 21st. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Stock Down 0.1%

NYSE:MMC opened at $201.41 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The company has a 50-day moving average of $203.32 and a 200 day moving average of $217.18. The firm has a market cap of $99.02 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 16.00% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Insider Buying and Selling

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 in the company, 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 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 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.