TradeLink Capital LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TradeLink Capital LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,200 shares of the financial services provider’s stock, valued at approximately $253,000.

Other large investors have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the first quarter valued at about $25,000. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $27,000. Sachetta LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $29,000. Finally, Clear Investment Research LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $33,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the topic of several research reports. Royal Bank of Canada increased their target price on 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. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Barclays began coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. Bank of America lifted their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $215.53.

Marsh & McLennan Companies Stock Up 0.4 %

MMC stock opened at $230.03 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $113.12 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a fifty day moving average price of $221.85 and a 200 day moving average price of $211.29.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company posted $2.20 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the 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 completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares in the company, valued at $2,609,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction dated 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 in the company, valued at $7,625,035.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,735 shares of company stock valued at $4,897,317. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Profile

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.