Kathmere Capital Management LLC Buys 449 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kathmere Capital Management LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 22.9% during the 3rd quarter, Holdings Channel reports. The fund owned 2,409 shares of the financial services provider’s stock after acquiring an additional 449 shares during the period. Kathmere Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Canton Hathaway LLC bought a new position in Marsh & McLennan Companies during the third quarter worth $25,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at $1,358,000. Procyon Private Wealth Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 4.0% in the third quarter. Procyon Private Wealth Partners LLC now owns 1,965 shares of the financial services provider’s stock valued at $298,000 after buying an additional 75 shares in the last quarter. Norway Savings Bank lifted its stake in shares of Marsh & McLennan Companies by 12.0% in the third quarter. Norway Savings Bank now owns 4,861 shares of the financial services provider’s stock valued at $736,000 after buying an additional 519 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its stake in shares of Marsh & McLennan Companies by 53.5% in the third quarter. Capital Asset Advisory Services LLC now owns 5,170 shares of the financial services provider’s stock valued at $783,000 after buying an additional 1,802 shares in the last quarter. 89.19% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Bank of America raised their price objective on shares of Marsh & McLennan Companies from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, October 7th. MKM Partners raised their price objective on shares of Marsh & McLennan Companies from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 22nd. Morgan Stanley raised their price target on shares of Marsh & McLennan Companies from $152.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, October 15th. Raymond James raised shares of Marsh & McLennan Companies from an “underperform” rating to an “outperform” rating and set a $185.00 price target on the stock in a research report on Friday, October 22nd. Finally, Zacks Investment Research lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and set a $164.00 price target on the stock. in a research report on Tuesday, September 28th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $150.71.

In other Marsh & McLennan Companies news, Director Morton O. Schapiro sold 9,078 shares of the stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $157.18, for a total transaction of $1,426,880.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

NYSE MMC traded up $0.73 on Thursday, hitting $169.78. 1,568,568 shares of the stock traded hands, compared to its average volume of 1,825,783. The business’s fifty day moving average is $161.90 and its two-hundred day moving average is $150.92. Marsh & McLennan Companies, Inc. has a 12 month low of $106.95 and a 12 month high of $171.13. The firm has a market capitalization of $85.72 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.12 and a beta of 0.95. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.18 and a current ratio of 1.18.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Wednesday, October 20th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.08. Marsh & McLennan Companies had a return on equity of 31.64% and a net margin of 14.21%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the company earned $0.82 earnings per share. Marsh & McLennan Companies’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Marsh & McLennan Companies, Inc. will post 6.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 8th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, October 7th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.45%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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