NorthRock Partners LLC Has $1.26 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

NorthRock Partners LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,772 shares of the financial services provider’s stock after buying an additional 493 shares during the period. NorthRock Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the first quarter valued at $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $28,000. Activest Wealth Management increased its stake in shares of Marsh & McLennan Companies by 2,775.0% in the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares during the period. Capital Analysts LLC increased its stake in shares of Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares during the period. Finally, Garde Capital Inc. acquired a new stake in Marsh & McLennan Companies during the first quarter worth about $42,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MMC shares. Wolfe Research started coverage on Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Finally, UBS Group decreased their price objective on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $237.13.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.0%

Shares of MMC opened at $205.03 on Tuesday. The company has a market capitalization of $100.80 billion, a P/E ratio of 24.58, a PEG ratio of 2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. Marsh & McLennan Companies, Inc. has a one year low of $195.01 and a one year high of $248.00. The business’s 50 day simple moving average is $203.41 and its 200-day simple moving average is $215.11.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the business earned $2.41 EPS. Marsh & McLennan Companies’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

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.