Entropy Technologies LP Takes $849,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Entropy Technologies LP bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,805 shares of the financial services provider’s stock, valued at approximately $849,000.

Other large investors have also made changes to their positions in the company. Apollon Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 3.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 62,270 shares of the financial services provider’s stock worth $13,892,000 after purchasing an additional 2,003 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Marsh & McLennan Companies by 33.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 2,352 shares of the financial services provider’s stock valued at $525,000 after buying an additional 585 shares during the period. Cottonwood Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth $202,000. Ashton Thomas Securities LLC acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $126,000. Finally, Los Angeles Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 219.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after purchasing an additional 363,569 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of NYSE:MMC opened at $225.64 on Thursday. The stock has a market capitalization of $110.82 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94. The company’s 50-day moving average price is $224.68 and its two-hundred day moving average price is $217.64. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Finally, Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $225.33.

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.