R. W. Roge & Company Inc. Takes $206,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

R. W. Roge & Company Inc. acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 1,000 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MMC. Coulter & Justus Financial Services LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $721,000. Essex LLC grew its holdings in Marsh & McLennan Companies by 2.2% in the 1st quarter. Essex LLC now owns 23,671 shares of the financial services provider’s stock worth $4,876,000 after acquiring an additional 511 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in Marsh & McLennan Companies by 1.0% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 5,774 shares of the financial services provider’s stock worth $1,190,000 after acquiring an additional 58 shares during the last quarter. WBI Investments LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter worth $489,000. Finally, Bancreek Capital Management LP bought a new stake in Marsh & McLennan Companies in the 1st quarter worth $7,300,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded up $2.47 during trading hours on Thursday, reaching $217.34. The company had a trading volume of 1,442,445 shares, compared to its average volume of 1,686,478. The business has a fifty day moving average price of $208.90 and a 200-day moving average price of $202.50. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $217.39. The firm has a market cap of $107.09 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.53 earnings per share. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a $0.815 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the transaction, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now owns 53,393 shares of the company’s stock, valued at $11,159,670.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares in the company, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MMC shares. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday, April 17th. Bank of America raised their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley lifted their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $213.60.

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.