Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,012 shares of the financial services provider’s stock after purchasing an additional 2,626 shares during the period. Annex Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $13,172,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Carmichael Hill & Associates Inc. grew its position in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth about $41,000. Bangor Savings Bank acquired a new position in Marsh & McLennan Companies in the third quarter valued at about $46,000. Finally, Fortitude Family Office LLC boosted its stake in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.5 %

NYSE MMC opened at $215.23 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $105.71 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50. The firm has a 50-day moving average price of $218.62 and a 200 day moving average price of $221.15.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business 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 32.65% and a net margin of 16.82%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.51%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of several recent analyst reports. Jefferies Financial Group upped their price objective 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. Wells Fargo & Company dropped their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Roth Mkm boosted 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, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $228.60.

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.