Concord Wealth Partners Buys 72 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Concord Wealth Partners lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 40.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252 shares of the financial services provider’s stock after purchasing an additional 72 shares during the period. Concord Wealth Partners’ holdings in Marsh & McLennan Companies were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MMC. Ridgewood Investments LLC bought a new position in Marsh & McLennan Companies during the 1st quarter worth about $32,000. Capital Advisors Ltd. LLC bought a new position in Marsh & McLennan Companies during the 2nd quarter worth about $36,000. Raleigh Capital Management Inc. grew its holdings in Marsh & McLennan Companies by 91.1% during the 1st quarter. Raleigh Capital Management Inc. now owns 258 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 123 shares in the last quarter. Nemes Rush Group LLC bought a new position in Marsh & McLennan Companies during the 2nd quarter worth about $43,000. Finally, Almanack Investment Partners LLC. bought a new position in Marsh & McLennan Companies during the 3rd quarter worth about $43,000. 86.64% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total transaction of $584,700.00. Following the sale, the director now owns 63,012 shares of the company’s stock, valued at approximately $12,281,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Oscar Fanjul sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total transaction of $584,700.00. Following the sale, the director now owns 63,012 shares of the company’s stock, valued at approximately $12,281,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO John Jude Jones sold 4,908 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $193.08, for a total transaction of $947,636.64. Following the sale, the chief marketing officer now directly owns 7,978 shares in the company, valued at approximately $1,540,392.24. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, October 4th. They set a “buy” rating and a $226.00 target price on the stock. StockNews.com began coverage on shares of Marsh & McLennan Companies in a research report on Thursday, October 5th. They set a “buy” rating for the company. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $196.00 to $209.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Wells Fargo & Company increased their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. Finally, Royal Bank of Canada increased their price target on shares of Marsh & McLennan Companies from $195.00 to $200.00 and gave the company a “sector perform” rating in a research report on Friday, October 20th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $201.38.

Marsh & McLennan Companies Stock Performance

MMC opened at $196.74 on Thursday. Marsh & McLennan Companies, Inc. has a 12-month low of $151.86 and a 12-month high of $199.20. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $97.01 billion, a PE ratio of 28.35, a P/E/G ratio of 2.22 and a beta of 0.97. The firm has a 50 day moving average of $192.83 and a two-hundred day moving average of $187.04.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. Marsh & McLennan Companies had a net margin of 15.61% and a return on equity of 34.01%. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm posted $1.18 EPS. Marsh & McLennan Companies’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 7.93 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 6th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, October 5th. Marsh & McLennan Companies’s dividend payout ratio is presently 40.92%.

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 in two segments, Risk and Insurance Services, and Consulting. 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.