Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,339 shares of the financial services provider’s stock after purchasing an additional 119 shares during the quarter. International Assets Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMC. First Horizon Advisors Inc. lifted its holdings in shares of Marsh & McLennan Companies by 13.7% in the fourth quarter. First Horizon Advisors Inc. now owns 515 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 62 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Marsh & McLennan Companies by 7.9% during the 4th quarter. Benjamin Edwards Inc. now owns 1,983 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 146 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Marsh & McLennan Companies by 27.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 17,833 shares of the financial services provider’s stock valued at $3,379,000 after buying an additional 3,834 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 59.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 21,113 shares of the financial services provider’s stock worth $4,000,000 after acquiring an additional 7,869 shares during the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $266,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 4,101 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The disclosure for this sale can be found here. In the last three months, insiders sold 27,735 shares of company stock valued at $6,151,377. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE MMC opened at $227.51 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $228.47. The stock has a market cap of $112.10 billion, a PE ratio of 28.87, a PEG ratio of 3.20 and a beta of 0.94. The firm has a 50-day simple moving average of $218.71 and a 200 day simple moving average of $209.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $2.20 EPS. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were paid a $0.815 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Analyst Upgrades and Downgrades

MMC has been the topic of several analyst reports. Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Finally, Bank of America upped their price objective on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $214.25.

About Marsh & McLennan Companies

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.