OmniStar Financial Group Inc. Purchases Shares of 3,190 Marsh & McLennan Companies, Inc. (NYSE:MMC)

OmniStar Financial Group Inc. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,190 shares of the financial services provider’s stock, valued at approximately $713,000.

Several other hedge funds have also recently modified their holdings of MMC. Aaron Wealth Advisors LLC increased its position in Marsh & McLennan Companies by 6.8% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,925 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 185 shares in the last quarter. Claro Advisors LLC acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $191,000. V Square Quantitative Management LLC lifted its position in Marsh & McLennan Companies by 7.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 14,031 shares of the financial services provider’s stock worth $3,130,000 after acquiring an additional 1,010 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 84,869 shares of the financial services provider’s stock valued at $18,933,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Drake & Associates LLC boosted its stake in Marsh & McLennan Companies by 20.7% during the 3rd quarter. Drake & Associates LLC now owns 2,951 shares of the financial services provider’s stock valued at $658,000 after acquiring an additional 506 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays assumed coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America upped their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $217.31.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $1.82 during mid-day trading on Friday, reaching $225.10. The company’s stock had a trading volume of 515,370 shares, compared to its average volume of 1,663,795. The firm’s fifty day moving average price is $225.19 and its two-hundred day moving average price is $214.77. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. The company has a market capitalization of $110.91 billion, a P/E ratio of 28.80, a PEG ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 earnings per share. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Insiders Place Their Bets

In other news, VP Stacy Mills sold 4,101 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now owns 2,923 shares in the company, valued at $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,566 shares of company stock worth $4,420,137. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Company 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 through Risk and Insurance Services, and Consulting segments. 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.