EP Wealth Advisors LLC Purchases New Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC)

EP Wealth Advisors LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,835 shares of the financial services provider’s stock, valued at approximately $285,000.

Several other institutional investors have also modified their holdings of MMC. Icon Advisers Inc. Co. boosted its stake in shares of Marsh & McLennan Companies by 86.3% during the 2nd quarter. Icon Advisers Inc. Co. now owns 13,600 shares of the financial services provider’s stock valued at $2,111,000 after buying an additional 6,300 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Marsh & McLennan Companies by 0.3% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 137,087 shares of the financial services provider’s stock worth $21,283,000 after purchasing an additional 408 shares during the last quarter. Westpac Banking Corp raised its stake in shares of Marsh & McLennan Companies by 74.0% in the 2nd quarter. Westpac Banking Corp now owns 85,160 shares of the financial services provider’s stock valued at $13,221,000 after purchasing an additional 36,218 shares in the last quarter. Cable Hill Partners LLC acquired a new position in Marsh & McLennan Companies in the second quarter worth about $224,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in Marsh & McLennan Companies in the second quarter valued at about $1,141,000. Institutional investors and hedge funds own 87.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com started coverage on Marsh & McLennan Companies in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Atlantic Securities lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $185.00 target price for the company. in a research note on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $178.27.

Marsh & McLennan Companies Stock Up 1.1 %

Marsh & McLennan Companies stock opened at $167.50 on Monday. The firm has a market capitalization of $83.08 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.98 and a beta of 0.90. The company has a 50-day simple moving average of $157.56 and a 200-day simple moving average of $158.37. Marsh & McLennan Companies, Inc. has a one year low of $142.80 and a one year high of $183.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.04 and a current ratio of 1.04.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last announced its quarterly earnings results on Thursday, October 20th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. Marsh & McLennan Companies had a net margin of 16.26% and a return on equity of 31.70%. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter last year, the business earned $1.08 earnings per share. Marsh & McLennan Companies’s revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 6.77 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Friday, October 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, October 6th. Marsh & McLennan Companies’s dividend payout ratio is currently 35.44%.

About Marsh & McLennan Companies

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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 and 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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