Entropy Technologies LP Invests $849,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

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

A number of other institutional investors also recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $27,000. Carmichael Hill & Associates Inc. raised its stake in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the third quarter worth approximately $31,000. Crewe Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider's stock worth $34,000 after purchasing an additional 80 shares during the period. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider's stock worth $41,000 after purchasing an additional 171 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 1.1 %

Shares of Marsh & McLennan Companies stock traded down $2.44 on Thursday, reaching $223.29. The company had a trading volume of 310,567 shares, compared to its average volume of 1,680,473. The firm's 50-day moving average price is $224.56 and its two-hundred day moving average price is $217.70. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $232.32. The firm has a market cap of $109.66 billion, a price-to-earnings ratio of 27.67, a P/E/G ratio of 3.35 and a beta of 0.94. 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 (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the business earned $1.57 EPS. The business's revenue was up 5.9% on a year-over-year basis. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.7 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 payout ratio is currently 40.15%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MMC shares. UBS Group lifted their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a "sector perform" rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $225.33.

Insiders Place Their Bets

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies 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.