Larson Financial Group LLC Purchases 585 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Larson Financial Group LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,690 shares of the financial services provider’s stock after purchasing an additional 585 shares during the period. Larson Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $2,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. lifted its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $31,000. Crewe Advisors LLC lifted its stake in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Marsh & McLennan Companies in the second quarter worth $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MMC. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $226.00.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $227.82 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 52-week low of $184.28 and a 52-week high of $232.32. The company has a fifty day simple moving average of $223.67 and a 200-day simple moving average of $218.93. The firm has a market capitalization of $111.89 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.39 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) 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 analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

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.