Souders Financial Advisors Has $4.13 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Souders Financial Advisors lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,529 shares of the financial services provider’s stock after selling 50 shares during the quarter. Souders Financial Advisors’ holdings in Marsh & McLennan Companies were worth $4,134,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MMC. Assenagon Asset Management S.A. boosted its stake in shares of Marsh & McLennan Companies by 4,991.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock valued at $146,047,000 after purchasing an additional 679,474 shares during the last quarter. M&G Plc bought a new position in Marsh & McLennan Companies during the 1st quarter worth approximately $118,353,000. Bristol Gate Capital Partners Inc. bought a new position in Marsh & McLennan Companies during the 1st quarter worth approximately $95,139,000. International Assets Investment Management LLC boosted its stake in Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after acquiring an additional 426,425 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock worth $2,188,348,000 after acquiring an additional 380,828 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.6 %

MMC opened at $225.24 on Wednesday. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The company has a 50-day simple moving average of $224.75 and a 200 day simple moving average of $217.45. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $110.62 billion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 3.33 and a beta of 0.94.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s dividend payout ratio is 40.15%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MMC. Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. BMO Capital Markets raised their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $225.33.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Company 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.