Entropy Technologies LP Purchases New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Entropy Technologies LP bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, HoldingsChannel reports. The fund bought 3,805 shares of the financial services provider’s stock, valued at approximately $849,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $27,000. Avantax Advisory Services Inc. grew its position in Marsh & McLennan Companies by 22.1% in the first quarter. Avantax Advisory Services Inc. now owns 14,548 shares of the financial services provider’s stock valued at $2,997,000 after acquiring an additional 2,636 shares during the last quarter. Blair William & Co. IL raised its stake in Marsh & McLennan Companies by 0.4% during the first quarter. Blair William & Co. IL now owns 40,912 shares of the financial services provider’s stock worth $8,427,000 after acquiring an additional 166 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Marsh & McLennan Companies by 13.5% in the first quarter. Brighton Jones LLC now owns 10,668 shares of the financial services provider’s stock worth $2,197,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Marsh & McLennan Companies by 5.3% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 5,085 shares of the financial services provider’s stock valued at $1,047,000 after purchasing an additional 256 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research analyst reports. Bank of America raised 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. UBS Group boosted their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Barclays began 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $225.33.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of Marsh & McLennan Companies stock opened at $225.64 on Thursday. The firm has a market cap of $110.82 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 3.35 and a beta of 0.94. The stock’s 50-day moving average is $224.68 and its 200 day moving average is $217.64. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is 40.15%.

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.