Qsemble Capital Management LP Invests $852,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Qsemble Capital Management LP bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,045 shares of the financial services provider’s stock, valued at approximately $852,000.

Other institutional investors have also recently made changes to their positions in the company. Indiana Trust & Investment Management CO bought a new stake in shares of Marsh & McLennan Companies in the 1st quarter worth about $25,000. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth about $26,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the 1st quarter worth about $27,000. Sachetta LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth about $29,000. Finally, Clear Investment Research LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth about $33,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.4 %

MMC stock opened at $230.03 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. Marsh & McLennan Companies, Inc. has a 52 week low of $184.02 and a 52 week high of $232.32. The firm has a 50 day moving average of $221.85 and a 200 day moving average of $211.29. The stock has a market capitalization of $113.34 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.94.

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

Marsh & McLennan Companies Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on MMC shares. Roth Mkm raised their price target on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. raised 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 raised their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Bank of America raised 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. Finally, 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 target price on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $215.53.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies 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 directly owns 11,861 shares in the company, valued at approximately $2,609,420. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies 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 transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. In the last ninety days, insiders 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.