Stance Capital LLC Purchases New Position in Marsh & McLennan Companies, Inc. $MMC

Stance Capital LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,985 shares of the financial services provider’s stock, valued at approximately $1,309,000.

Other large investors also recently bought and sold shares of the company. Knuff & Co LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at about $28,000. Activest Wealth Management grew its position in Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares during the period. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $29,000. Westside Investment Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies during the second quarter valued at $32,000. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $248.00 to $242.00 in a report on Thursday, October 9th. Morgan Stanley cut their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Finally, The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $223.00.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $186.10 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The stock’s 50-day simple moving average is $186.09 and its 200-day simple moving average is $201.51. The company has a market capitalization of $91.17 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.20 and a beta of 0.75.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. 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 can be accessed through this hyperlink. 0.35% of the stock is currently owned by insiders.

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.