Moors & Cabot Inc. Has $637,000 Position in Marsh & McLennan Companies, Inc. $MMC

Moors & Cabot Inc. increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 67.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,915 shares of the financial services provider’s stock after acquiring an additional 1,177 shares during the quarter. Moors & Cabot Inc.’s holdings in Marsh & McLennan Companies were worth $637,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MMC. Brighton Jones LLC grew its stake in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC grew its position in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 1st quarter worth about $231,000. Stratos Wealth Advisors LLC raised its position in shares of Marsh & McLennan Companies by 4.9% during the first quarter. Stratos Wealth Advisors LLC now owns 1,768 shares of the financial services provider’s stock valued at $432,000 after buying an additional 83 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Marsh & McLennan Companies by 4.9% in the first quarter. Rehmann Capital Advisory Group now owns 1,507 shares of the financial services provider’s stock valued at $368,000 after buying an additional 70 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MMC. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Barclays cut their target price on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Morgan Stanley reduced their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. TD Cowen decreased their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Finally, Evercore ISI decreased their price target on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $228.63.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $180.14 on Friday. The firm has a market capitalization of $88.25 billion, a P/E ratio of 21.60, a PEG ratio of 2.25 and a beta of 0.78. The business has a 50-day moving average of $195.49 and a 200-day moving average of $209.35. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.