Caprock Group LLC Buys 649 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Caprock Group LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,267 shares of the financial services provider’s stock after buying an additional 649 shares during the quarter. Caprock Group LLC’s holdings in Marsh & McLennan Companies were worth $2,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of MMC. Carmichael Hill & Associates Inc. raised its stake in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the third quarter valued at about $31,000. Crewe Advisors LLC boosted its position in Marsh & McLennan Companies by 100.0% during the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the period. Iron Horse Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at approximately $41,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.3 %

Shares of MMC stock opened at $220.73 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market cap of $108.40 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.30 and a beta of 0.94. The business has a 50-day moving average price of $223.95 and a two-hundred day moving average price of $218.47. Marsh & McLennan Companies, Inc. has a 12-month low of $184.28 and a 12-month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $225.33.

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.