Rehmann Capital Advisory Group Has $355,000 Stake in Marsh & McLennan Companies, Inc. $MMC

Rehmann Capital Advisory Group lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,623 shares of the financial services provider’s stock after purchasing an additional 116 shares during the period. Rehmann Capital Advisory Group’s holdings in Marsh & McLennan Companies were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MMC. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies during the 1st quarter worth about $25,000. Knuff & Co LLC acquired a new position in Marsh & McLennan Companies during the 1st quarter worth about $28,000. Activest Wealth Management lifted its holdings in 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 period. Capital Analysts LLC lifted its holdings in 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 period. Finally, Clean Yield Group lifted its holdings in Marsh & McLennan Companies by 114.4% during the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $186.59 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $185.12 and a one year high of $248.00. The firm has a market capitalization of $91.41 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.35 and a beta of 0.81. The business has a 50-day simple moving average of $201.17 and a 200 day simple moving average of $212.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the company posted $1.63 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wolfe Research assumed coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective on the stock. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $248.00 to $242.00 in a research note on Thursday, October 9th. Barclays dropped their price objective on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $234.07.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by insiders.

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.