GAMMA Investing LLC Purchases 701 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

GAMMA Investing LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 33.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,795 shares of the financial services provider’s stock after purchasing an additional 701 shares during the period. GAMMA Investing LLC’s holdings in Marsh & McLennan Companies were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Transcend Capital Advisors LLC boosted its holdings in Marsh & McLennan Companies by 19.0% during the second quarter. Transcend Capital Advisors LLC now owns 17,383 shares of the financial services provider’s stock worth $3,663,000 after purchasing an additional 2,779 shares during the last quarter. SRN Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 5.1% during the 1st quarter. SRN Advisors LLC now owns 4,205 shares of the financial services provider’s stock worth $866,000 after buying an additional 204 shares during the last quarter. American Trust grew its holdings in shares of Marsh & McLennan Companies by 2.0% in the 1st quarter. American Trust now owns 27,713 shares of the financial services provider’s stock valued at $5,708,000 after acquiring an additional 536 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Marsh & McLennan Companies by 7.4% during the first quarter. EverSource Wealth Advisors LLC now owns 4,524 shares of the financial services provider’s stock worth $902,000 after acquiring an additional 312 shares in the last quarter. Finally, Soltis Investment Advisors LLC acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $205,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the sale, the director now owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,338 shares of company stock valued at $2,187,012. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research note on Wednesday, April 17th. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Roth Mkm upped their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada lifted their target price on 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target of $214.25.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded down $0.66 during trading on Friday, reaching $223.95. The company’s stock had a trading volume of 1,860,665 shares, compared to its average volume of 1,662,703. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $227.63. The firm has a 50 day moving average price of $213.52 and a 200 day moving average price of $205.91. The firm has a market capitalization of $110.13 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 EPS. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be given a $0.815 dividend. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

About Marsh & McLennan Companies

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.