Choreo LLC Buys Shares of 15,731 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Choreo LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,731 shares of the financial services provider’s stock, valued at approximately $3,309,000.

Other hedge funds have also recently bought and sold shares of the company. Prudential PLC increased its position in shares of Marsh & McLennan Companies by 27.5% in the second quarter. Prudential PLC now owns 68,579 shares of the financial services provider’s stock valued at $14,451,000 after buying an additional 14,792 shares in the last quarter. PFG Investments LLC increased its holdings in Marsh & McLennan Companies by 4.0% during the 2nd quarter. PFG Investments LLC now owns 2,443 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 94 shares in the last quarter. X Square Capital LLC raised its position in Marsh & McLennan Companies by 1.8% during the second quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 51 shares during the last quarter. Morton Community Bank lifted its holdings in shares of Marsh & McLennan Companies by 5.1% in the second quarter. Morton Community Bank now owns 18,378 shares of the financial services provider’s stock valued at $3,873,000 after purchasing an additional 884 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its stake in shares of Marsh & McLennan Companies by 73.0% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 2,613 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 1,103 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the transaction, the senior vice president now owns 11,861 shares in the company, valued at $2,609,420. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,735 shares of company stock worth $6,151,377. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Up 1.2 %

Shares of NYSE:MMC opened at $230.58 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32. The stock has a 50-day simple moving average of $220.79 and a 200-day simple moving average of $210.84. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $113.39 billion, a P/E ratio of 29.26, a PEG ratio of 3.18 and a beta of 0.94.

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, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Analyst Ratings Changes

MMC has been the topic of a number of analyst reports. Bank of America increased their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Barclays began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada lifted their target price on shares of 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. Finally, Roth Mkm raised their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $215.53.

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.