Callan Family Office LLC Increases Stake in Marsh & McLennan Companies, Inc. $MMC

Callan Family Office LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 121.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 62,187 shares of the financial services provider’s stock after purchasing an additional 34,061 shares during the period. Callan Family Office LLC’s holdings in Marsh & McLennan Companies were worth $13,597,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in MMC. Harbour Investments Inc. increased its stake in Marsh & McLennan Companies by 3.6% in the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 44 shares during the period. Defined Wealth Management LLC increased its stake in Marsh & McLennan Companies by 1.5% in the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 47 shares during the period. IFP Advisors Inc increased its stake in shares of Marsh & McLennan Companies by 0.6% during the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after buying an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Marsh & McLennan Companies by 1.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 47 shares in the last quarter. Finally, E Fund Management Co. Ltd. raised its holdings in shares of Marsh & McLennan Companies by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Barclays decreased their target price on 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 Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price for the company. Finally, Wolfe Research assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Seven investment 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.com, the company presently has a consensus rating of “Hold” and an average price target of $237.13.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $205.97 on Friday. The stock has a market cap of $101.26 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.57 and a beta of 0.81. The business’s fifty day moving average is $203.11 and its 200 day moving average is $215.93. Marsh & McLennan Companies, Inc. has a twelve month low of $195.01 and a twelve month high of $248.00. 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 (NYSE:MMC) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the prior year, the firm posted $2.41 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Marsh & McLennan Companies Company Profile

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.