Modern Wealth Management LLC Makes New $287,000 Investment in Marsh & McLennan Companies, Inc. $MMC

Modern Wealth Management LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,175 shares of the financial services provider’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Harbour Investments Inc. lifted its position in shares of Marsh & McLennan Companies by 3.6% during the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 44 shares during the last quarter. Defined Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 1.5% during the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 47 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Marsh & McLennan Companies by 0.6% during the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after acquiring an additional 47 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Marsh & McLennan Companies by 1.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 47 shares during the last quarter. Finally, E Fund Management Co. Ltd. lifted its position in shares of Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 2.4%

Marsh & McLennan Companies stock opened at $198.01 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $97.35 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.55 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a one year low of $196.27 and a one year high of $248.00. The company’s fifty day moving average price is $206.55 and its two-hundred day moving average price is $219.97.

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

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies 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 completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MMC shares. Citigroup started coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price objective for the company. Morgan Stanley reduced their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Barclays reduced their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, July 21st. Finally, Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $238.76.

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.