1 week Ago By ABMN Staff
MainStreet Investment Advisors LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. ( NYSE:MMC – Free Report ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,171 shares of the financial services provider’s stock, valued at approximately $247,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $142,000. Parcion Private Wealth LLC increased its stake in shares of Marsh & McLennan Companies by 0.
9% in the second quarter. Parcion Private Wealth LLC now owns 23,831 shares of the financial services provider’s stock valued at $5,022,000 after buying an additional 215 shares during the period. Cullen Frost Bankers Inc.
increased its stake in shares of Marsh & McLennan Companies by 31.0% in the second quarter. Cullen Frost Bankers Inc.
now owns 4,633 shares of the financial services provider’s stock valued at $976,000 after buying an additional 1,097 shares during the period. Sustainable Insight Capital Management LLC increased its stake in shares of Marsh & McLennan Companies by 18.2% in the second quarter.
Sustainable Insight Capital Management LLC now owns 16,600 shares of the financial services provider’s stock valued at $3,498,000 after buying an additional 2,558 shares during the period. Finally, Candriam S.C.
A. increased its stake in shares of Marsh & McLennan Companies by 5.3% in the second quarter.
Candriam S.C.A.
now owns 63,355 shares of the financial services provider’s stock valued at $13,350,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.
Insider Transactions at Marsh & McLennan Companies In other news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.
03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.
34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, July 16th.
The stock was sold at an average price of $220.00, for a total transaction of $477,180.00.
Following the completion of the transaction, the senior vice president now owns 11,861 shares in the company, valued at approximately $2,609,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CFO Mark C.
Mcgivney sold 5,200 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $225.03, for a total value of $1,170,156.
00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34.
The disclosure for this sale can be found here . In the last 90 days, insiders sold 27,735 shares of company stock worth $6,151,377. 0.
30% of the stock is owned by company insiders. Marsh & McLennan Companies Trading Down 0.3 % Marsh & McLennan Companies ( NYSE:MMC – Get Free Report ) last announced its earnings results on Thursday, July 18th.
The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.
01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.
97%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.
31 billion. During the same period last year, the firm posted $2.20 EPS.
The business’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Marsh & McLennan Companies, Inc.
will post 8.74 EPS for the current fiscal year. Marsh & McLennan Companies Increases Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th.
Stockholders of record on Monday, July 15th were paid a dividend of $0.815 per share. This is an increase 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 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is presently 41.
37%. Analysts Set New Price Targets Several analysts recently commented on the company. Bank of America upped their target price on Marsh & McLennan Companies from $223.
00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Barclays assumed coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th.
They issued an “equal weight” rating and a $236.00 target price on the stock. Roth Mkm upped their target price on Marsh & McLennan Companies from $200.
00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co.
increased their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th.
Finally, Royal Bank of Canada increased their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th.
Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $215.
53. View Our Latest Report on Marsh & McLennan Companies Marsh & McLennan Companies Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc.
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