325 Shares in Marsh & McLennan Companies, Inc. (MMC) Acquired by Canton Hathaway LLC

Canton Hathaway LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 325 shares of the financial services provider’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MMC. JPMorgan Chase & Co. raised its holdings in shares of Marsh & McLennan Companies by 13.9% in the third quarter. JPMorgan Chase & Co. now owns 7,748,014 shares of the financial services provider’s stock valued at $640,917,000 after purchasing an additional 945,494 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Marsh & McLennan Companies by 38.2% in the third quarter. Franklin Resources Inc. now owns 80,223 shares of the financial services provider’s stock valued at $6,636,000 after purchasing an additional 22,159 shares during the last quarter. Standard Life Aberdeen plc raised its holdings in shares of Marsh & McLennan Companies by 2.0% in the third quarter. Standard Life Aberdeen plc now owns 442,639 shares of the financial services provider’s stock valued at $36,617,000 after purchasing an additional 8,675 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Marsh & McLennan Companies by 19.2% in the third quarter. Fifth Third Bancorp now owns 23,165 shares of the financial services provider’s stock valued at $1,916,000 after purchasing an additional 3,726 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $1,759,000. Institutional investors own 87.05% of the company’s stock.

A number of research firms have recently issued reports on MMC. Wells Fargo & Co reiterated a “market perform” rating and issued a $95.00 price objective on shares of Marsh & McLennan Companies in a report on Friday, April 5th. Zacks Investment Research downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Goldman Sachs Group initiated coverage on shares of Marsh & McLennan Companies in a report on Monday. They set a “neutral” rating and a $98.00 target price on the stock. Citigroup set a $99.00 target price on shares of Marsh & McLennan Companies and gave the stock a “buy” rating in a report on Saturday, February 2nd. Finally, Compass Point initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, January 15th. They set a “neutral” rating and a $86.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $93.60.

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,245 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $92.60, for a total transaction of $115,287.00. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $270,669.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Peter J. Beshar sold 67,655 shares of Marsh & McLennan Companies stock in a transaction on Monday, February 25th. The stock was sold at an average price of $93.14, for a total transaction of $6,301,386.70. Following the transaction, the executive vice president now directly owns 487,576 shares of the company’s stock, valued at $45,412,828.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 223,725 shares of company stock valued at $20,508,280. Company insiders own 1.16% of the company’s stock.

MMC stock opened at $93.12 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.21 and a quick ratio of 1.21. Marsh & McLennan Companies, Inc. has a one year low of $74.30 and a one year high of $95.43. The firm has a market cap of $46.82 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.70 and a beta of 0.88.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 31st. The financial services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.06. Marsh & McLennan Companies had a net margin of 11.04% and a return on equity of 28.76%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.72 billion. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.66 dividend on an annualized basis and a yield of 1.78%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 38.16%.

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About Marsh & McLennan Companies

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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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