Marsh & McLennan Companies, Inc. (NYSE:MMC) Stake Boosted by CCLA Investment Management

CCLA Investment Management increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496,327 shares of the financial services provider’s stock after purchasing an additional 50,039 shares during the quarter. CCLA Investment Management owned 0.10% of Marsh & McLennan Companies worth $104,586,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies during the first quarter worth $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the first quarter worth $27,000. Sachetta LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $29,000. Clear Investment Research LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $33,000. Finally, Crewe Advisors LLC increased its position in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Bank of America raised their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Roth Mkm raised their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Barclays began coverage on Marsh & McLennan Companies in a report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $215.53.

Marsh & McLennan Companies Stock Down 1.3 %

Shares of NYSE:MMC opened at $228.07 on Wednesday. The business’s 50-day moving average is $222.83 and its 200-day moving average is $211.96. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year 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 capitalization of $112.38 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed 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 a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. 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

In related news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at $659,925.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The disclosure for this sale can be found here. Insiders have sold 21,735 shares of company stock valued at $4,897,317 over the last ninety days. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Company 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.