Lecap Asset Management Ltd. Invests $520,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Lecap Asset Management Ltd. bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,330 shares of the financial services provider’s stock, valued at approximately $520,000.

A number of other large investors have also added to or reduced their stakes in MMC. Segment Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Segment Wealth Management LLC now owns 79,269 shares of the financial services provider’s stock worth $17,684,000 after acquiring an additional 350 shares in the last quarter. Eastern Bank acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth $433,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 13.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 115,430 shares of the financial services provider’s stock valued at $25,751,000 after purchasing an additional 13,405 shares during the last quarter. Vicus Capital boosted its position in shares of Marsh & McLennan Companies by 17.6% in the 3rd quarter. Vicus Capital now owns 1,511 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 226 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in Marsh & McLennan Companies by 10.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 3,156 shares of the financial services provider’s stock valued at $704,000 after buying an additional 296 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.5 %

Shares of NYSE:MMC opened at $222.48 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The business has a 50 day moving average of $225.51 and a two-hundred day moving average of $215.39. The company has a market capitalization of $109.62 billion, a PE ratio of 28.23, a PEG ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the previous year, the business posted $1.57 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Analysts Set New Price Targets

MMC has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday. Bank of America raised their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday. Two equities 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 company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $225.33.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,566 shares of company stock valued at $4,420,137. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Company 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.