Claro Advisors LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Claro Advisors LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, Holdings Channel reports. The firm bought 1,310 shares of the financial services provider’s stock, valued at approximately $292,000.

Several other hedge funds have also bought and sold shares of the stock. Tower Bridge Advisors grew its stake in shares of Marsh & McLennan Companies by 4.2% during the 3rd quarter. Tower Bridge Advisors now owns 2,218 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 89 shares during the period. Adero Partners LLC lifted its holdings in Marsh & McLennan Companies by 2.3% during the third quarter. Adero Partners LLC now owns 2,721 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 60 shares in the last quarter. Schear Investment Advisers LLC increased its stake in shares of Marsh & McLennan Companies by 29.8% in the third quarter. Schear Investment Advisers LLC now owns 1,862 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 428 shares in the last quarter. Kinsale Capital Group Inc. raised its position in shares of Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares during the period. Finally, Turtle Creek Wealth Advisors LLC lifted its stake in shares of Marsh & McLennan Companies by 3.0% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock valued at $414,000 after buying an additional 54 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price target on 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 lifted their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Bank of America upped their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets upped 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 research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Trading Up 0.7 %

MMC opened at $223.67 on Tuesday. The stock has a 50-day moving average of $224.17 and a 200 day moving average of $218.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The firm has a market cap of $109.85 billion, a P/E ratio of 27.55, a P/E/G ratio of 3.30 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the previous year, the business earned $1.57 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.