Mayflower Financial Advisors LLC Purchases 381 Shares of Marsh & McLennan Companies, Inc. $MMC

Mayflower Financial Advisors LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,510 shares of the financial services provider’s stock after purchasing an additional 381 shares during the period. Mayflower Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $549,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MMC. Accent Capital Management LLC bought a new position in Marsh & McLennan Companies during the 1st quarter valued at about $25,000. Knuff & Co LLC bought a new position in Marsh & McLennan Companies during the 1st quarter valued at about $28,000. Activest Wealth Management grew its holdings in Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 111 shares during the last quarter. Capital Analysts LLC grew its holdings in Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 64 shares during the last quarter. Finally, Clean Yield Group grew its stake in Marsh & McLennan Companies by 114.4% in the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $179.93 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50 day moving average price is $199.58 and its 200-day moving average price is $211.55. Marsh & McLennan Companies, Inc. has a 52-week low of $179.26 and a 52-week high of $248.00. The company has a market cap of $88.15 billion, a PE ratio of 21.57, a P/E/G ratio of 2.29 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the firm earned $1.63 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Analyst Ratings Changes

A number of equities analysts have commented on MMC shares. Citigroup started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 target price on the stock. Wolfe Research started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price on the stock. Evercore ISI dropped their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $248.00 to $242.00 in a research note on Thursday, October 9th. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $234.07.

Marsh & McLennan Companies 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.