PFG Advisors Acquires 2,778 Shares of Marsh & McLennan Companies, Inc. $MMC

PFG Advisors lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,377 shares of the financial services provider’s stock after acquiring an additional 2,778 shares during the period. PFG Advisors’ holdings in Marsh & McLennan Companies were worth $3,143,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MMC. Vanguard Group Inc. boosted its holdings in Marsh & McLennan Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,321,445 shares of the financial services provider’s stock valued at $11,059,792,000 after purchasing an additional 581,930 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after buying an additional 4,505,548 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Marsh & McLennan Companies by 8.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,345,211 shares of the financial services provider’s stock worth $1,060,362,000 after buying an additional 340,907 shares during the period. Nuveen LLC bought a new stake in Marsh & McLennan Companies in the first quarter valued at $1,038,594,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Marsh & McLennan Companies by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,858,136 shares of the financial services provider’s stock worth $697,471,000 after acquiring an additional 65,778 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $180.14 on Monday. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $88.25 billion, a PE ratio of 21.60, a PEG ratio of 2.25 and a beta of 0.78. The stock’s fifty day simple moving average is $195.49 and its 200 day simple moving average is $209.21.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.Marsh & McLennan Companies’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current 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 paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Bank of America reaffirmed an “underperform” rating and set a $181.00 price objective (down previously from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $228.63.

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.