Braun Bostich & Associates Inc. Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Braun Bostich & Associates Inc. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,388 shares of the financial services provider’s stock after purchasing an additional 121 shares during the period. Braun Bostich & Associates Inc.’s holdings in Marsh & McLennan Companies were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the 1st quarter valued at about $27,000. Crewe Advisors LLC raised its holdings in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $35,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Down 0.7 %

Shares of NYSE:MMC opened at $226.02 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $224.84 and a 200-day simple moving average of $214.59. The company has a market capitalization of $111.37 billion, a PE ratio of 28.68, a P/E/G ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.02 and a twelve month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 1.44%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio is currently 41.37%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Bank of America upped their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Roth Mkm increased their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. 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 company. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $216.69.

Insider Transactions at Marsh & McLennan Companies

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

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.