Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Rossby Financial LCC

Rossby Financial LCC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,149 shares of the financial services provider’s stock after acquiring an additional 231 shares during the quarter. Rossby Financial LCC’s holdings in Marsh & McLennan Companies were worth $907,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the first quarter worth about $25,000. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies in the first quarter worth about $28,000. Activest Wealth Management boosted its holdings in 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 worth $28,000 after acquiring an additional 111 shares in the last quarter. Capital Analysts LLC boosted its holdings in Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 64 shares in the last quarter. Finally, Clean Yield Group boosted its holdings in Marsh & McLennan Companies by 114.4% in the second quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.6%

Shares of MMC opened at $187.64 on Tuesday. 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, Inc. has a 12 month low of $185.12 and a 12 month high of $248.00. The stock’s 50 day moving average is $200.76 and its two-hundred day moving average is $212.24. The firm has a market cap of $91.93 billion, a P/E ratio of 22.50, a PEG ratio of 2.34 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last issued 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 analyst estimates of $6.34 billion. During the same period last year, the company earned $1.63 earnings per share. Marsh & McLennan Companies’s quarterly revenue was up 11.5% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid 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 dividend yield of 1.9%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group reduced their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Citigroup assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective for the company. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $234.07.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $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 available at this link. 0.35% of the stock is owned by corporate insiders.

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.