Swmg LLC Purchases 364 Shares of Marsh & McLennan Companies, Inc. $MMC

Swmg LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,050 shares of the financial services provider’s stock after acquiring an additional 364 shares during the quarter. Swmg LLC’s holdings in Marsh & McLennan Companies were worth $629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Marsh & McLennan Companies by 101.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after purchasing an additional 52,218 shares in the last quarter. LPL Financial LLC boosted its position in shares of Marsh & McLennan Companies by 9.9% during the 1st quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after purchasing an additional 29,247 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 101.4% during the 1st quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 3,593 shares in the last quarter. US Asset Management LLC boosted its position in shares of Marsh & McLennan Companies by 23.1% during the 1st quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 1,284 shares in the last quarter. Finally, Geneva Partners LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $4,673,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.8%

NYSE:MMC opened at $189.85 on Friday. The firm has a 50-day moving average price of $202.94 and a two-hundred day moving average price of $214.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a 52 week low of $185.12 and a 52 week high of $248.00. The firm has a market cap of $93.34 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the business posted $1.63 EPS. Marsh & McLennan Companies’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of analyst reports. Evercore ISI lowered 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 report on Friday. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a report on Friday. Barclays decreased their price objective on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and decreased their price objective for the company from $209.00 to $191.00 in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $236.43.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’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 transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.35% of the company’s stock.

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.