Checchi Capital Advisers LLC Has $913,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Checchi Capital Advisers LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 6.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,358 shares of the financial services provider’s stock after buying an additional 324 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Marsh & McLennan Companies were worth $913,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Optas LLC lifted its stake in shares of Marsh & McLennan Companies by 4.2% in the 1st quarter. Optas LLC now owns 1,467 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 59 shares during the period. Sfmg LLC lifted its stake in shares of Marsh & McLennan Companies by 1.3% in the 1st quarter. Sfmg LLC now owns 4,890 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 64 shares during the period. Brighton Jones LLC lifted its stake in shares of Marsh & McLennan Companies by 1.1% in the 4th quarter. Brighton Jones LLC now owns 5,951 shares of the financial services provider’s stock valued at $1,034,000 after purchasing an additional 65 shares during the period. Prestige Wealth Management Group LLC lifted its stake in shares of Marsh & McLennan Companies by 8.0% in the 1st quarter. Prestige Wealth Management Group LLC now owns 921 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 68 shares during the period. Finally, Personal CFO Solutions LLC lifted its stake in shares of Marsh & McLennan Companies by 2.4% in the 1st quarter. Personal CFO Solutions LLC now owns 3,251 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 88.61% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $165.60 on Friday. The firm’s fifty day moving average price is $155.39 and its two-hundred day moving average price is $158.16. The stock has a market cap of $83.12 billion, a PE ratio of 24.98, a PEG ratio of 2.96 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a fifty-two week low of $142.80 and a fifty-two week high of $183.14. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.16.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last posted its earnings results on Thursday, July 21st. The financial services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.03. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The firm had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 6.8 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Thursday, July 28th will be paid a $0.59 dividend. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $2.36 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is currently 35.60%.

Analyst Ratings Changes

Several analysts recently commented on the company. Raymond James raised their price objective on Marsh & McLennan Companies from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $170.00 to $185.00 and gave the stock a “sector perform” rating in a report on Friday, April 22nd. Wells Fargo & Company increased their target price on Marsh & McLennan Companies to $185.00 in a report on Friday, July 22nd. Piper Sandler increased their target price on Marsh & McLennan Companies from $185.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Finally, The Goldman Sachs Group began coverage on Marsh & McLennan Companies in a report on Tuesday, July 12th. They issued a “buy” rating and a $182.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $177.00.

Marsh & McLennan Companies Profile

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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.

See Also

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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