Boston Financial Mangement LLC Acquires 57 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Boston Financial Mangement LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,981 shares of the financial services provider’s stock after purchasing an additional 57 shares during the period. Boston Financial Mangement LLC’s holdings in Marsh & McLennan Companies were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies in the 1st quarter valued at approximately $25,000. Private Wealth Management Group LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter worth approximately $27,000. Sachetta LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at $29,000. Finally, Clear Investment Research LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter valued at $33,000. 87.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the sale, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The disclosure for this sale can be found here. Insiders have sold 27,735 shares of company stock worth $6,151,377 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MMC. Bank of America upped their target price on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Finally, Roth Mkm raised their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $214.25.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $227.50 on Friday. The company has a market cap of $112.09 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm’s 50-day simple moving average is $218.44 and its two-hundred day simple moving average is $209.26. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $228.47.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 EPS. Research analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were given a $0.815 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 41.37%.

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.