1,039 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by Advisor Resource Council

Advisor Resource Council acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,039 shares of the financial services provider’s stock, valued at approximately $232,000.

A number of other hedge funds also recently added to or reduced their stakes in MMC. Central Pacific Bank Trust Division bought a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $92,000. Envestnet Portfolio Solutions Inc. grew its position in Marsh & McLennan Companies by 25.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 44,879 shares of the financial services provider’s stock worth $9,244,000 after purchasing an additional 9,209 shares during the period. Quantbot Technologies LP grew its position in Marsh & McLennan Companies by 57.6% in the 1st quarter. Quantbot Technologies LP now owns 17,066 shares of the financial services provider’s stock worth $3,515,000 after purchasing an additional 6,236 shares during the period. Empowered Funds LLC grew its position in Marsh & McLennan Companies by 12.5% in the 1st quarter. Empowered Funds LLC now owns 11,804 shares of the financial services provider’s stock worth $2,431,000 after purchasing an additional 1,315 shares during the period. Finally, Obermeyer Wood Investment Counsel Lllp bought a new stake in Marsh & McLennan Companies in the 1st quarter worth approximately $211,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. UBS Group increased their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Trading Down 0.0 %

MMC opened at $223.18 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average is $224.95 and its two-hundred day moving average is $216.86. The company has a market capitalization of $109.61 billion, a P/E ratio of 27.49, a PEG ratio of 3.29 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Marsh & McLennan Companies Profile

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.