Marsh & McLennan Companies, Inc. $MMC Shares Acquired by PDS Planning Inc

PDS Planning Inc lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 44.1% in the second quarter, Holdings Channel reports. The institutional investor owned 4,689 shares of the financial services provider’s stock after acquiring an additional 1,434 shares during the quarter. PDS Planning Inc’s holdings in Marsh & McLennan Companies were worth $1,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accent Capital Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $25,000. Knuff & Co LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $28,000. Activest Wealth Management increased its holdings in shares of Marsh & McLennan Companies by 2,775.0% during the 1st 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. Capital Analysts LLC increased its holdings in shares of Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after buying an additional 64 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of 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 dropped their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday. Barclays dropped their target price on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 target price for the company. Finally, Morgan Stanley dropped their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $237.13.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $207.12 on Friday. The company has a fifty day simple moving average of $203.29 and a two-hundred day simple moving average of $215.73. The company has a market cap of $101.82 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.60 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. 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 posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate 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 net margin of 16.00% and a return on equity of 31.90%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 earnings per share. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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