Geneos Wealth Management Inc. Raises Position in Marsh & McLennan Companies, Inc. $MMC

Geneos Wealth Management Inc. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 24.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,647 shares of the financial services provider’s stock after acquiring an additional 323 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Marsh & McLennan Companies were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Accent Capital Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $25,000. Knuff & Co LLC purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $28,000. Activest Wealth Management lifted its stake in shares of Marsh & McLennan Companies by 2,775.0% during the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $37,000. Finally, City Holding Co. purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MMC shares. Barclays lowered their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target on the stock. Morgan Stanley reduced their price target on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Wells Fargo & Company reduced their price target on shares of 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. Finally, UBS Group reduced their price target 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. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $238.76.

Insider Buying and Selling

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $202.97 on Monday. The company’s 50-day moving average price is $206.85 and its 200-day moving average price is $220.25. Marsh & McLennan Companies, Inc. has a twelve month low of $196.27 and a twelve month high of $248.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The company has a market cap of $99.78 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $2.41 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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 issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, July 24th. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Marsh & McLennan Companies 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.