PFG Advisors Has $3.14 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

PFG Advisors grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,377 shares of the financial services provider’s stock after acquiring an additional 2,778 shares during the period. PFG Advisors’ holdings in Marsh & McLennan Companies were worth $3,143,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MMC. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter valued at $28,000. Activest Wealth Management increased its holdings in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after buying an additional 111 shares during the last quarter. Westside Investment Management Inc. raised its position in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares in the last quarter. Finally, Capital Analysts LLC grew its position in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 64 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $180.14 on Monday. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50-day simple moving average is $195.49 and its 200 day simple moving average is $209.21. The firm has a market cap of $88.25 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 2.25 and a beta of 0.78.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Analyst Ratings Changes

MMC has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Wolfe Research assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They set a “peer perform” rating for the company. 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 research report on Thursday, October 9th. Bank of America restated an “underperform” rating and set a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $228.63.

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.