Franklin Parlapiano Turner & Welch LLC Boosts Stake in Marsh & McLennan Companies, Inc. $MMC

Franklin Parlapiano Turner & Welch LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,772 shares of the financial services provider’s stock after buying an additional 938 shares during the quarter. Marsh & McLennan Companies makes up about 2.0% of Franklin Parlapiano Turner & Welch LLC’s holdings, making the stock its 20th biggest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Marsh & McLennan Companies were worth $7,603,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MMC. Wellington Management Group LLP lifted its stake 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 buying an additional 4,505,548 shares in the last quarter. Nuveen LLC purchased a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $1,038,594,000. Valeo Financial Advisors LLC lifted its stake in Marsh & McLennan Companies by 48,212.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after buying an additional 2,623,745 shares in the last quarter. Ninety One UK Ltd lifted its stake in Marsh & McLennan Companies by 153.6% in the 1st quarter. Ninety One UK Ltd now owns 2,370,678 shares of the financial services provider’s stock valued at $578,517,000 after buying an additional 1,436,044 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Marsh & McLennan Companies by 5,035.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock valued at $176,836,000 after buying an additional 793,052 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related 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 value of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MMC shares. Wolfe Research started coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. upgraded Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and cut their price target for the company from $248.00 to $242.00 in a report on Thursday. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a report on Wednesday. UBS Group cut their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $237.13.

Marsh & McLennan Companies Trading Up 0.5%

MMC stock opened at $207.12 on Friday. The company has a market cap of $101.83 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.61 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $203.29 and a 200-day simple moving average of $215.57. Marsh & McLennan Companies, Inc. has a 52 week low of $195.01 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 EPS. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

About Marsh & McLennan Companies

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.