Hantz Financial Services Inc. Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hantz Financial Services Inc. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,733 shares of the financial services provider’s stock, valued at approximately $3,526,000.

A number of other large investors also recently bought and sold shares of the stock. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth about $27,000. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $26,000. Sachetta LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter worth about $29,000. Finally, Crewe Advisors LLC grew its holdings in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 80 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 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 in the company, valued at approximately $7,625,035.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,578,560.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,735 shares of company stock worth $6,151,377. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of several research analyst reports. Roth Mkm upped their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Royal Bank of Canada increased 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. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $214.25.

Marsh & McLennan Companies Trading Up 0.2 %

MMC opened at $227.50 on Friday. 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 has a market cap of $112.09 billion, a P/E ratio of 28.87, a P/E/G ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $228.47. The business has a fifty day simple moving average of $218.44 and a 200-day simple moving average of $209.26.

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 (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 earnings per share. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

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

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.