Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Annex Advisory Services LLC

Annex Advisory Services LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,300 shares of the financial services provider’s stock after buying an additional 1,288 shares during the quarter. Annex Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $15,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Retireful LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $347,000. Thrive Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 10.3% in the 1st quarter. Thrive Wealth Management LLC now owns 3,439 shares of the financial services provider’s stock worth $839,000 after buying an additional 322 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Marsh & McLennan Companies by 20.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,642 shares of the financial services provider’s stock worth $1,377,000 after purchasing an additional 948 shares in the last quarter. Lmcg Investments LLC boosted its position in Marsh & McLennan Companies by 4.7% in the 1st quarter. Lmcg Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $1,649,000 after purchasing an additional 304 shares in the last quarter. Finally, Matrix Trust Co boosted its position in Marsh & McLennan Companies by 1.2% in the 1st quarter. Matrix Trust Co now owns 7,654 shares of the financial services provider’s stock worth $1,868,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays upped their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Friday, April 11th. UBS Group upped their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 9th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price objective on the stock. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, Raymond James reiterated an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Stock Down 1.1%

NYSE MMC opened at $232.35 on Thursday. Marsh & McLennan Companies, Inc. has a one year low of $206.25 and a one year high of $248.00. The company has a market cap of $114.49 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.70 and a beta of 0.85. The business has a fifty day moving average price of $228.34 and a 200 day moving average price of $225.60. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period last year, the company earned $2.89 EPS. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.95%.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,317 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. This trade represents a 31.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by insiders.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.