Verdence Capital Advisors LLC Has $348,000 Position in Marsh & McLennan Companies, Inc. $MMC

Verdence Capital Advisors LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,590 shares of the financial services provider’s stock after acquiring an additional 149 shares during the period. Verdence Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $348,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MMC. Harbour Investments Inc. raised its holdings in Marsh & McLennan Companies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 44 shares during the period. IFP Advisors Inc raised its holdings in Marsh & McLennan Companies by 0.6% during the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after acquiring an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Marsh & McLennan Companies by 1.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 47 shares during the period. E Fund Management Co. Ltd. raised its holdings in Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 47 shares during the period. Finally, McAdam LLC raised its holdings in Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 47 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 1.4%

Shares of NYSE:MMC opened at $204.05 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $195.01 and a 52-week high of $248.00. The firm has a fifty day moving average of $203.55 and a 200 day moving average of $214.98. The firm has a market capitalization of $100.31 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.61 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the previous year, the business earned $2.41 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, 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 will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.8%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Wall Street Analyst Weigh In

MMC has been the topic of a number of analyst reports. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $248.00 to $242.00 in a research report on Thursday, October 9th. Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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 business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.