Koshinski Asset Management Inc. Increases Stock Position in Marsh & McLennan Companies, Inc. $MMC

Koshinski Asset Management Inc. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,971 shares of the financial services provider’s stock after acquiring an additional 284 shares during the period. Koshinski Asset Management Inc.’s holdings in Marsh & McLennan Companies were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Accent Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $25,000. Knuff & Co LLC purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $28,000. Activest Wealth Management raised its holdings in shares of 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 valued at $28,000 after buying an additional 111 shares during the last quarter. Capital Analysts LLC raised its holdings in shares of Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after buying an additional 64 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Marsh & McLennan Companies in the first quarter valued at about $42,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $209.00 to $191.00 in a report on Friday. Evercore ISI reduced their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a report on Friday. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $200.00 to $195.00 in a research report on Monday. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, 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 objective for the company. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $233.67.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the 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. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.2%

Shares of Marsh & McLennan Companies stock opened at $189.98 on Tuesday. Marsh & McLennan Companies, Inc. has a 12-month low of $185.12 and a 12-month high of $248.00. 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 stock has a market cap of $93.40 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81. The company has a 50-day moving average of $202.68 and a two-hundred day moving average of $213.51.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the company posted $1.63 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business 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 of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Marsh & McLennan Companies Company 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.