Lake Street Advisors Group LLC Has $1.10 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Lake Street Advisors Group LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,924 shares of the financial services provider’s stock after purchasing an additional 57 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Marsh & McLennan Companies were worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Ballentine Partners LLC raised its position in Marsh & McLennan Companies by 6.9% in the 3rd quarter. Ballentine Partners LLC now owns 9,207 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 591 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in Marsh & McLennan Companies by 72.7% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 8,217 shares of the financial services provider’s stock valued at $1,833,000 after purchasing an additional 3,460 shares during the last quarter. Fiduciary Planning LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at $212,000. CENTRAL TRUST Co raised its position in Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 54 shares during the last quarter. Finally, YHB Investment Advisors Inc. raised its position in shares of Marsh & McLennan Companies by 4.5% during the third quarter. YHB Investment Advisors Inc. now owns 1,389 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MMC opened at $221.31 on Friday. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The firm has a market capitalization of $108.69 billion, a PE ratio of 27.25, a PEG ratio of 3.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50-day simple moving average is $225.54 and its 200 day simple moving average is $215.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 earnings per share. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date is 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%.

Insider Transactions at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,566 shares of company stock worth $4,420,137. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MMC. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 target price for the company. UBS Group boosted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday. Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $225.33.

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.