2 weeks Ago By ABMN Staff
Parallel Advisors LLC lifted its position in Marsh & McLennan Companies, Inc. ( NYSE:MMC – Free Report ) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 6,718 shares of the financial services provider’s stock after purchasing an additional 424 shares during the quarter. Parallel Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,416,000 at the end of the most recent quarter. Several other institutional investors also recently added to or reduced their stakes in MMC.
Indiana Trust & Investment Management CO purchased a new position in shares of Marsh & McLennan Companies during the first quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the first quarter valued at $27,000. Sachetta LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $29,000.
Clear Investment Research LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $33,000. Finally, Crewe Advisors LLC increased its position in Marsh & McLennan Companies by 100.0% in the 2nd quarter.
Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.
Insider Buying and Selling In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.
41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.
98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . In other Marsh & McLennan Companies news, CFO Mark C.
Mcgivney sold 10,265 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.
65. Following the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98.
The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on 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 sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.
71. The disclosure for this sale can be found here . In the last quarter, insiders sold 21,735 shares of company stock worth $4,897,317.
0.30% of the stock is owned by corporate insiders. Marsh & McLennan Companies Price Performance Marsh & McLennan Companies ( NYSE:MMC – Get Free Report ) last released its quarterly earnings results on Thursday, July 18th.
The financial services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.
01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.
92%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.
31 billion. During the same period in the prior year, the business earned $2.20 earnings per share.
The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts predict that Marsh & McLennan Companies, Inc.
will post 8.74 EPS for the current fiscal year. Marsh & McLennan Companies Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th.
Investors of record on Monday, July 15th were paid a dividend of $0.815 per share. The ex-dividend date was Thursday, July 25th.
This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%.
This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.
37%. Analyst Upgrades and Downgrades A number of research firms have weighed in on MMC. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th.
They set an “equal weight” rating and a $236.00 price objective for the company. Bank of America lifted their price objective on shares of Marsh & McLennan Companies from $223.
00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $228.
00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $200.
00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co.
lifted their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th.
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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.
53. View Our Latest Report on MMC 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. Featured Articles 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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