Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Suncoast Equity Management

Suncoast Equity Management lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 33.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,775 shares of the financial services provider’s stock after acquiring an additional 4,755 shares during the quarter. Marsh & McLennan Companies accounts for about 0.5% of Suncoast Equity Management’s portfolio, making the stock its 26th largest position. Suncoast Equity Management’s holdings in Marsh & McLennan Companies were worth $4,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the first quarter worth approximately $27,000. Crewe Advisors LLC grew its holdings 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 worth $34,000 after acquiring an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at approximately $35,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded down $3.33 during mid-day trading on Monday, hitting $221.33. 264,051 shares of the company’s stock were exchanged, compared to its average volume of 1,664,337. The firm has a market capitalization of $109.05 billion, a P/E ratio of 28.51, a P/E/G ratio of 3.58 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32. The business’s 50 day moving average is $225.28 and its two-hundred day moving average is $215.07. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the business posted $1.57 EPS. The company’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Wall Street Analyst Weigh In

Several research firms recently commented on MMC. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Roth Mkm boosted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Bank of America increased their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $221.93.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the 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 completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock valued at $4,420,137 over the last quarter. Corporate 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.