Tidal Investments LLC Buys 1,911 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tidal Investments LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,013 shares of the financial services provider’s stock after purchasing an additional 1,911 shares during the quarter. Tidal Investments LLC’s holdings in Marsh & McLennan Companies were worth $2,903,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Destination Wealth Management increased its holdings in shares of Marsh & McLennan Companies by 19.4% in the third quarter. Destination Wealth Management now owns 1,159 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 188 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Marsh & McLennan Companies by 204.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,640 shares of the financial services provider’s stock worth $1,927,000 after purchasing an additional 5,799 shares in the last quarter. Arvest Bank Trust Division bought a new position in Marsh & McLennan Companies in the third quarter valued at approximately $206,000. World Investment Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 29.9% in the third quarter. World Investment Advisors LLC now owns 17,223 shares of the financial services provider’s stock valued at $3,842,000 after buying an additional 3,962 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after buying an additional 3,553 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MMC shares. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $228.13.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $215.07 on Monday. The business has a 50-day moving average of $224.12 and a 200-day moving average of $220.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $105.63 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the company earned $1.57 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

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.