Lindenwold Advisors INC Buys 508 Shares of Marsh & McLennan Companies, Inc. $MMC

Lindenwold Advisors INC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 14,932 shares of the financial services provider’s stock after purchasing an additional 508 shares during the quarter. Marsh & McLennan Companies comprises 1.7% of Lindenwold Advisors INC’s portfolio, making the stock its 16th biggest holding. Lindenwold Advisors INC’s holdings in Marsh & McLennan Companies were worth $3,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Conning Inc. grew its stake in shares of Marsh & McLennan Companies by 6.7% during the second quarter. Conning Inc. now owns 19,024 shares of the financial services provider’s stock valued at $4,159,000 after buying an additional 1,191 shares during the last quarter. Drucker Wealth 3.0 LLC boosted its holdings in shares of Marsh & McLennan Companies by 44.3% during the second quarter. Drucker Wealth 3.0 LLC now owns 1,348 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 414 shares during the period. Aberdeen Group plc boosted its holdings in shares of Marsh & McLennan Companies by 8.3% during the second quarter. Aberdeen Group plc now owns 410,373 shares of the financial services provider’s stock worth $88,987,000 after purchasing an additional 31,304 shares during the period. PDS Planning Inc boosted its holdings in shares of Marsh & McLennan Companies by 44.1% during the second quarter. PDS Planning Inc now owns 4,689 shares of the financial services provider’s stock worth $1,025,000 after purchasing an additional 1,434 shares during the period. Finally, Cyndeo Wealth Partners LLC boosted its holdings in shares of Marsh & McLennan Companies by 16.0% during the second quarter. Cyndeo Wealth Partners LLC now owns 18,615 shares of the financial services provider’s stock worth $4,070,000 after purchasing an additional 2,566 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on MMC shares. 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. 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. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Finally, Barclays lowered their price objective 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. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $237.13.

Marsh & McLennan Companies Price Performance

MMC stock opened at $207.12 on Friday. The firm has a 50 day moving average price of $203.29 and a 200-day moving average price of $215.73. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-week high of $248.00. The firm has a market capitalization of $101.82 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the business earned $2.41 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies 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.