PFG Investments LLC Acquires Shares of 2,349 Marsh & McLennan Companies, Inc. (NYSE:MMC)

PFG Investments LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,349 shares of the financial services provider’s stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Valley National Advisers Inc. raised its holdings in Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies in the first quarter worth $25,000. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in Marsh & McLennan Companies in the third quarter worth $27,000. Finally, OFI Invest Asset Management acquired a new stake in Marsh & McLennan Companies in the third quarter worth $28,000. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

MMC has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TD Cowen raised their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Jefferies Financial Group raised their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Morgan Stanley raised their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Evercore ISI raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Stock Up 0.5 %

MMC stock traded up $0.98 during midday trading on Tuesday, hitting $199.46. The company’s stock had a trading volume of 2,519,798 shares, compared to its average volume of 1,738,502. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The company’s fifty day moving average price is $203.03 and its 200 day moving average price is $197.31. The stock has a market capitalization of $98.28 billion, a P/E ratio of 25.31, a PEG ratio of 3.30 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the firm posted $2.53 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Activity

In related news, CEO Martine Ferland sold 9,128 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Martine Ferland sold 9,128 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock valued at $7,448,163 in the last quarter. Company insiders own 0.35% 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.