Stock Traders Purchase Large Volume of Marsh & McLennan Companies Call Options (NYSE:MMC)

Marsh & McLennan Companies, Inc. (NYSE:MMC) saw some unusual options trading on Tuesday. Stock investors acquired 3,943 call options on the stock. This represents an increase of 2,843% compared to the typical volume of 134 call options.

Several equities research analysts recently weighed in on the company. Wells Fargo & Co restated a “hold” rating on shares of AON in a report on Friday, April 5th. ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods cut Marsh & McLennan Companies from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $100.00 to $99.00 in a report on Wednesday, June 12th. Goldman Sachs Group restated a “neutral” rating and set a $393.00 target price on shares of Boeing in a report on Monday, April 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 150 ($1.96) target price on shares of in a report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $95.08.

Shares of NYSE:MMC opened at $101.69 on Thursday. Marsh & McLennan Companies has a 52-week low of $74.30 and a 52-week high of $102.95. The company has a market cap of $51.78 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.85 and a beta of 0.78. The stock has a 50 day moving average price of $98.38. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.21 and a quick ratio of 2.21.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.07. Marsh & McLennan Companies had a return on equity of 29.72% and a net margin of 11.16%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter last year, the company earned $1.23 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts forecast that Marsh & McLennan Companies will post 4.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, July 10th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.42. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 38.16%.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Marsh & McLennan Companies by 2.3% during the 1st quarter. BlackRock Inc. now owns 43,396,454 shares of the financial services provider’s stock valued at $4,074,926,000 after buying an additional 964,222 shares in the last quarter. FMR LLC increased its position in Marsh & McLennan Companies by 27.9% during the 1st quarter. FMR LLC now owns 10,681,542 shares of the financial services provider’s stock valued at $1,002,997,000 after buying an additional 2,327,487 shares in the last quarter. Northern Trust Corp increased its position in Marsh & McLennan Companies by 0.8% during the 1st quarter. Northern Trust Corp now owns 6,826,655 shares of the financial services provider’s stock valued at $641,023,000 after buying an additional 53,038 shares in the last quarter. Geode Capital Management LLC increased its position in Marsh & McLennan Companies by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 6,628,096 shares of the financial services provider’s stock valued at $527,675,000 after buying an additional 410,471 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Marsh & McLennan Companies by 1.5% during the 4th quarter. Bank of America Corp DE now owns 6,617,940 shares of the financial services provider’s stock valued at $527,781,000 after buying an additional 99,185 shares in the last quarter. 85.04% of the stock is owned by institutional investors.

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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