Investment Partners LTD. Has $362,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Investment Partners LTD. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,719 shares of the financial services provider’s stock after buying an additional 102 shares during the period. Investment Partners LTD.’s holdings in Marsh & McLennan Companies were worth $362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Drive Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 3.7% in the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock valued at $291,000 after buying an additional 49 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Marsh & McLennan Companies by 0.6% in the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider’s stock valued at $1,887,000 after acquiring an additional 51 shares in the last quarter. X Square Capital LLC raised its stake in Marsh & McLennan Companies by 1.8% in the 2nd quarter. X Square Capital LLC now owns 2,957 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 51 shares in the last quarter. Evoke Wealth LLC boosted its holdings in Marsh & McLennan Companies by 4.4% in the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 53 shares during the period. Finally, RDA Financial Network grew its position in shares of Marsh & McLennan Companies by 3.1% during the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 53 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted 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 report on Thursday, July 11th. Roth Mkm upped their target price on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Barclays started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective for the company. Finally, Bank of America boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $215.53.

Marsh & McLennan Companies Stock Down 1.2 %

Shares of MMC opened at $229.08 on Thursday. The stock has a market capitalization of $112.87 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 3.18 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a fifty day moving average of $221.51 and a 200-day moving average of $211.16.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the firm posted $2.20 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 15th were given a $0.815 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares in the company, valued at $2,609,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $477,180.00. Following the completion of the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were 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. Over the last 90 days, insiders have sold 21,735 shares of company stock worth $4,897,317. Company insiders own 0.30% of the company’s stock.

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.