McClarren Financial Advisors Inc. Sells 118 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

McClarren Financial Advisors Inc. lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 36.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210 shares of the financial services provider’s stock after selling 118 shares during the period. McClarren Financial Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $44,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MMC. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $26,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $27,000. Sachetta LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $29,000. Finally, Clear Investment Research LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,735 shares of company stock valued at $6,151,377 over the last 90 days. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MMC. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Finally, Roth Mkm lifted their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $214.25.

Marsh & McLennan Companies Stock Down 0.2 %

MMC traded down $0.39 on Wednesday, hitting $225.93. 1,380,567 shares of the company were exchanged, compared to its average volume of 1,660,581. The company has a market cap of $111.32 billion, a PE ratio of 28.72, a PEG ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $228.47. The stock’s fifty day moving average is $217.67 and its 200-day moving average is $208.82. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $2.20 earnings per share. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were paid a $0.815 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.