Nordwand Advisors LLC Buys Shares of 987 Marsh & McLennan Companies, Inc. $MMC

Nordwand Advisors LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 987 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Accent Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Knuff & Co LLC acquired a new position in Marsh & McLennan Companies in the first quarter valued at about $28,000. Activest Wealth Management lifted its stake in Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after buying an additional 111 shares during the period. Westside Investment Management Inc. grew its position in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the period. Finally, Access Investment Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $39,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

MMC opened at $180.26 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $88.31 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.25 and a beta of 0.78. The business’s 50-day moving average price is $192.27 and its two-hundred day moving average price is $207.18. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (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 for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the firm earned $1.63 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Wall Street Analyst Weigh In

MMC has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $209.00 to $191.00 in a research report on Friday, October 17th. TD Cowen reduced their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Citigroup initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target on the stock. Finally, The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price objective for the company from $200.00 to $195.00 in a report on Monday, October 20th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $228.63.

Insiders Place Their Bets

In other Marsh & McLennan Companies 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 value of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

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.