Clarkston Capital Partners LLC Buys 500 Shares of Marsh & McLennan Companies, Inc. $MMC

Clarkston Capital Partners LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 29.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,225 shares of the financial services provider’s stock after purchasing an additional 500 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its position in Marsh & McLennan Companies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 44 shares during the period. E Fund Management Co. Ltd. raised its stake in shares of Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock worth $308,000 after buying an additional 47 shares during the period. McAdam LLC raised its position in shares of Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 47 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of Marsh & McLennan Companies by 5.9% in the second quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 47 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Marsh & McLennan Companies by 2.8% in the first quarter. Moors & Cabot Inc. now owns 1,738 shares of the financial services provider’s stock valued at $424,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $182.66 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 12-month low of $174.18 and a 12-month high of $248.00. The company has a market cap of $89.49 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The stock has a 50 day simple moving average of $189.69 and a 200-day simple moving average of $205.19.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MMC shares. UBS Group dropped their price target on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. TD Cowen lowered their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Wells Fargo & Company cut their price target on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Finally, Barclays raised Marsh & McLennan Companies from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $221.00 to $206.00 in a report on Thursday, November 20th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $224.56.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.