Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 22.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,103 shares of the financial services provider’s stock after purchasing an additional 939 shares during the period. Fortis Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,075,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parnassus Investments LLC lifted its position in shares of Marsh & McLennan Companies by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock worth $807,060,000 after purchasing an additional 11,459 shares in the last quarter. Raymond James & Associates raised its holdings in Marsh & McLennan Companies by 2.6% in the second quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock valued at $195,003,000 after acquiring an additional 23,133 shares in the last quarter. Veritas Investment Partners UK Ltd. raised its holdings in Marsh & McLennan Companies by 16.9% in the fourth quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock valued at $266,134,000 after acquiring an additional 203,017 shares in the last quarter. Nordea Investment Management AB raised its holdings in Marsh & McLennan Companies by 12.4% in the first quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock valued at $187,218,000 after acquiring an additional 100,378 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $3,465,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction dated 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 owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The disclosure for this sale can be found here. In the last three months, insiders sold 27,735 shares of company stock valued at $6,151,377. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $228.96 on Wednesday. The company has a market capitalization of $112.81 billion, a P/E ratio of 29.06, a PEG ratio of 3.17 and a beta of 0.94. The company has a 50-day simple moving average of $219.28 and a 200 day simple moving average of $210.04. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $230.13. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly 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. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company earned $2.20 EPS. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is presently 41.37%.

Analyst Ratings Changes

MMC has been the topic of several recent analyst reports. Bank of America upped their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Roth Mkm boosted their target price on shares of 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, JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $214.25.

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.