Treasurer of the State of North Carolina Purchases 4,818 Shares of Marsh & McLennan Companies, Inc. $MMC

Treasurer of the State of North Carolina raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230,547 shares of the financial services provider’s stock after purchasing an additional 4,818 shares during the period. Treasurer of the State of North Carolina’s holdings in Marsh & McLennan Companies were worth $50,407,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Knuff & Co LLC acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth $28,000. Activest Wealth Management grew 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 acquiring an additional 111 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares in the last quarter. Access Investment Management LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $39,000. Finally, Capital Analysts LLC grew its position in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MMC shares. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and lowered their price objective for the stock from $209.00 to $191.00 in a research report on Friday, October 17th. TD Cowen cut their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Evercore ISI lowered their target price on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Finally, Barclays raised Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $221.00 to $206.00 in a research note on Thursday, November 20th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $223.00.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 1.4%

Marsh & McLennan Companies stock opened at $183.45 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The company has a fifty day simple moving average of $186.39 and a 200 day simple moving average of $202.02. The company has a market cap of $89.87 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio (DPR) 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.