3,805 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,805 shares of the financial services provider's stock, valued at approximately $849,000.

Several other institutional investors have also recently bought and sold shares of MMC. Apollon Wealth Management LLC raised its holdings in shares of Marsh & McLennan Companies by 3.3% in the third quarter. Apollon Wealth Management LLC now owns 62,270 shares of the financial services provider's stock valued at $13,892,000 after buying an additional 2,003 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in Marsh & McLennan Companies by 33.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 2,352 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 585 shares in the last quarter. Cottonwood Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $202,000. Ashton Thomas Securities LLC bought a new stake in shares of Marsh & McLennan Companies during the third quarter valued at approximately $126,000. Finally, Los Angeles Capital Management LLC raised its position in Marsh & McLennan Companies by 219.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider's stock worth $118,068,000 after purchasing an additional 363,569 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 1.1 %

Shares of NYSE MMC traded down $2.44 during mid-day trading on Thursday, reaching $223.29. 310,567 shares of the company's stock were exchanged, compared to its average volume of 1,680,473. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $109.66 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.35 and a beta of 0.94. The business has a fifty day simple moving average of $224.56 and a 200 day simple moving average of $217.70.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating 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 analyst estimates of $5.71 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MMC. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research note on Thursday, October 10th. UBS Group lifted 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. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group boosted their price target 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. Finally, Barclays started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $236.00 price objective on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $225.33.

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 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.