Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,124 shares of the financial services provider’s stock after acquiring an additional 626 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Marsh & McLennan Companies were worth $5,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMC. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the first quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at about $27,000. Crewe Advisors LLC increased its stake in shares of 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 purchasing an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $35,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $224.66 on Friday. The stock has a market cap of $110.70 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $225.28 and a 200-day simple moving average of $214.99. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock valued at $4,420,137 over the last quarter. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MMC. Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company lowered their price objective on 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. Finally, JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $220.13.

Marsh & McLennan Companies 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.