Csenge Advisory Group Acquires 1,299 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Csenge Advisory Group lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 34.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,108 shares of the financial services provider’s stock after buying an additional 1,299 shares during the quarter. Csenge Advisory Group’s holdings in Marsh & McLennan Companies were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $27,000. Valley National Advisers Inc. grew its position in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the period. Private Wealth Management Group LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $26,000. Finally, Sachetta LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $29,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the subject of a number of research analyst reports. TD Cowen lifted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Roth Mkm lifted 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. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada lifted their price target 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. Finally, Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $214.25.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the sale, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the company’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 transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The disclosure for this sale can be found here. Insiders have sold a total of 29,904 shares of company stock worth $6,607,149 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 0.6 %

MMC opened at $219.37 on Friday. 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, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $227.63. The firm’s fifty day moving average is $214.57 and its 200 day moving average is $206.34. The stock has a market cap of $108.09 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the previous year, the company earned $2.20 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 15th will be paid a $0.815 dividend. The ex-dividend date is Thursday, July 25th. This represents a $3.26 annualized dividend and a yield of 1.49%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

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.