Aprio Wealth Management LLC Buys 602 Shares of Marsh & McLennan Companies, Inc. $MMC

Aprio Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,948 shares of the financial services provider’s stock after acquiring an additional 602 shares during the quarter. Aprio Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $719,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parisi Gray Wealth Management acquired a new position in Marsh & McLennan Companies during the first quarter worth $947,000. Wealth Enhancement Advisory Services LLC raised its holdings in Marsh & McLennan Companies by 101.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider’s stock worth $25,270,000 after buying an additional 52,218 shares during the last quarter. LPL Financial LLC raised its holdings in Marsh & McLennan Companies by 9.9% during the first quarter. LPL Financial LLC now owns 324,035 shares of the financial services provider’s stock worth $78,662,000 after buying an additional 29,247 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Marsh & McLennan Companies by 101.4% during the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 3,593 shares during the last quarter. Finally, US Asset Management LLC raised its holdings in Marsh & McLennan Companies by 23.1% during the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider’s stock worth $1,671,000 after buying an additional 1,284 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MMC has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a report on Friday, July 18th. Keefe, Bruyette & Woods lowered their target price 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. Barclays lowered 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 report on Monday, July 7th. Morgan Stanley lowered their target price on shares of 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. Finally, UBS Group lowered their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a report on Monday, July 21st. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $238.76.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $205.02 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $196.27 and a 52-week high of $248.00. The company has a 50-day simple moving average of $208.60 and a 200 day simple moving average of $221.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $100.79 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.58 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) 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 business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the company posted $2.41 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the transaction, the chief executive officer owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by insiders.

About Marsh & McLennan Companies

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.