Wealthstream Advisors Inc. Buys New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wealthstream Advisors Inc. purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 953 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the 1st quarter valued at about $27,000. Carmichael Hill & Associates Inc. boosted its position in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Crewe Advisors LLC lifted its stake in Marsh & McLennan Companies by 100.0% during the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. UBS Group increased their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays started coverage on shares of Marsh & McLennan Companies in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $225.33.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE MMC opened at $225.64 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 52 week low of $184.28 and a 52 week high of $232.32. The business’s fifty day simple moving average is $224.56 and its 200-day simple moving average is $217.70. The firm has a market cap of $110.82 billion, a PE ratio of 27.79, a P/E/G ratio of 3.35 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 EPS. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

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.