Marsh & McLennan Companies, Inc. $MMC Shares Bought by Focus Partners Wealth

Focus Partners Wealth raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,138 shares of the financial services provider’s stock after purchasing an additional 821 shares during the quarter. Focus Partners Wealth’s holdings in Marsh & McLennan Companies were worth $7,111,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Accent Capital Management LLC acquired a new position in Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at approximately $28,000. Activest Wealth Management boosted its holdings in Marsh & McLennan Companies by 2,775.0% during the first quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after buying an additional 111 shares in the last quarter. City Holding Co. acquired a new stake in Marsh & McLennan Companies during the first quarter valued at $37,000. Finally, Capital Analysts LLC increased its holdings in Marsh & McLennan Companies by 61.0% in the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Down 0.2%

Marsh & McLennan Companies stock opened at $202.97 on Friday. The company has a market capitalization of $99.78 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 2.56 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.27 and a fifty-two week high of $248.00. The firm has a 50 day moving average price of $206.85 and a 200 day moving average price of $220.35.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the prior year, the company earned $2.41 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 24th were paid a $0.90 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, July 24th. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research analyst reports. Citigroup initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price objective on the stock. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. UBS Group decreased their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Barclays cut their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Finally, Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a report on Friday, July 18th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.