Turtle Creek Wealth Advisors LLC Purchases 54 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Turtle Creek Wealth Advisors LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,856 shares of the financial services provider’s stock after buying an additional 54 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Heritage Investment Group Inc. acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $210,000. Natixis Advisors LLC lifted its stake in Marsh & McLennan Companies by 6.3% in the third quarter. Natixis Advisors LLC now owns 759,300 shares of the financial services provider’s stock valued at $169,392,000 after buying an additional 44,938 shares during the period. Empowered Funds LLC boosted its holdings in shares of Marsh & McLennan Companies by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 13,937 shares of the financial services provider’s stock worth $3,109,000 after buying an additional 717 shares in the last quarter. Empirical Finance LLC increased its stake in shares of Marsh & McLennan Companies by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 17,102 shares of the financial services provider’s stock valued at $3,815,000 after acquiring an additional 364 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 7.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,451 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Roth Mkm lifted their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. BMO Capital Markets increased their price target on 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 decreased their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Barclays initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective on the stock. Finally, Royal Bank of Canada boosted 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 research report on Friday, October 18th. Two research 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. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $225.33.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the company’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 transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MMC traded up $0.64 during trading hours on Friday, hitting $222.14. The stock had a trading volume of 1,930,186 shares, compared to its average volume of 1,689,079. The stock has a market cap of $109.10 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $232.32. 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 company’s fifty day simple moving average is $224.31 and its 200 day simple moving average is $217.89.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the company posted $1.57 EPS. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company 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 was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

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.