Triasima Portfolio Management inc. Has $4.31 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Triasima Portfolio Management inc. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,430 shares of the financial services provider’s stock after purchasing an additional 360 shares during the period. Triasima Portfolio Management inc.’s holdings in Marsh & McLennan Companies were worth $4,305,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter valued at $26,000. Headlands Technologies LLC acquired a new position in Marsh & McLennan Companies in the 1st quarter worth about $27,000. Sachetta LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $29,000. Finally, Clear Investment Research LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $33,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of Marsh & McLennan Companies stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the transaction, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 4,101 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $659,925.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,735 shares of company stock worth $6,151,377. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Bank of America increased their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Roth Mkm boosted their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Barclays initiated coverage on Marsh & McLennan Companies in a report on Wednesday. They set an “equal weight” rating and a $236.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $215.53.

Marsh & McLennan Companies Stock Performance

MMC stock traded down $0.61 on Friday, reaching $227.85. 1,657,605 shares of the company were exchanged, compared to its average volume of 1,655,252. The firm has a market capitalization of $112.27 billion, a PE ratio of 28.91, a PEG ratio of 3.17 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $232.32. The stock’s fifty day moving average price is $220.38 and its 200 day moving average price is $210.58. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 15th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

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.