Baader Bank Aktiengesellschaft Purchases 275 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Baader Bank Aktiengesellschaft boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,345 shares of the financial services provider’s stock after buying an additional 275 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Marsh & McLennan Companies were worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Sapient Capital LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth $400,000. Keel Point LLC raised its holdings in Marsh & McLennan Companies by 11.6% in the 4th quarter. Keel Point LLC now owns 1,296 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 135 shares in the last quarter. First American Trust FSB raised its holdings in Marsh & McLennan Companies by 0.8% in the 4th quarter. First American Trust FSB now owns 31,986 shares of the financial services provider’s stock worth $6,060,000 after purchasing an additional 259 shares in the last quarter. Suncoast Equity Management bought a new position in Marsh & McLennan Companies in the 4th quarter worth $1,524,000. Finally, Desjardins Global Asset Management Inc. raised its holdings in Marsh & McLennan Companies by 2.2% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 8,001 shares of the financial services provider’s stock worth $1,516,000 after purchasing an additional 171 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $0.20 during trading hours on Thursday, hitting $221.25. The stock had a trading volume of 1,517,318 shares, compared to its average volume of 1,695,769. The firm has a 50-day moving average price of $215.47 and a 200 day moving average price of $207.05. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $227.63. The firm has a market capitalization of $109.02 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.20 and a beta of 0.94. 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 (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be paid a $0.815 dividend. The ex-dividend date is Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MMC shares. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada increased their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $214.25.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the transaction, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction 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 directly owns 2,923 shares in the company, valued at approximately $659,925.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,904 shares of company stock valued at $6,607,149. Insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

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.