Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Vestor Capital LLC

Vestor Capital LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 84.9% in the second quarter, Holdings Channel.com reports. The fund owned 1,684 shares of the financial services provider’s stock after buying an additional 773 shares during the quarter. Vestor Capital LLC’s holdings in Marsh & McLennan Companies were worth $165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in Marsh & McLennan Companies by 40.5% during the 2nd quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 53 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at $36,000. Raleigh Capital Management Inc. boosted its position 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 purchasing an additional 123 shares during the period. Nemes Rush Group LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $43,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth about $43,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 1.1 %

Shares of Marsh & McLennan Companies stock opened at $198.00 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $193.17 and a 200 day moving average price of $187.68. Marsh & McLennan Companies, Inc. has a fifty-two week low of $151.86 and a fifty-two week high of $201.00. The firm has a market cap of $97.63 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.28 and a beta of 0.97.

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, beating the consensus estimate of $1.39 by $0.18. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.22 billion. Marsh & McLennan Companies had a return on equity of 34.01% and a net margin of 15.61%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 7.93 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 6th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 5th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.92%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Marsh & McLennan Companies in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Citigroup lifted their price objective on shares of Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, October 4th. They issued a “buy” rating and a $226.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Marsh & McLennan Companies from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $201.38.

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 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.