Marks Group Wealth Management Inc Has $8.30 Million Position in Marsh & McLennan Companies, Inc. $MMC

Marks Group Wealth Management Inc raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,979 shares of the financial services provider’s stock after purchasing an additional 237 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Marsh & McLennan Companies were worth $8,304,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $28,000. Activest Wealth Management lifted its stake in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. City Holding Co. bought a new position in shares of Marsh & McLennan Companies in the 1st quarter valued at $37,000. Finally, Capital Analysts LLC lifted its stake in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MMC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Saturday, September 27th. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. UBS Group lowered their target price on Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, July 21st. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating for the company in a research report on Friday, July 18th. Finally, Citigroup initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 target price for the company. Six research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $238.76.

Marsh & McLennan Companies Price Performance

MMC stock opened at $201.25 on Monday. The company has a market capitalization of $98.94 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.53 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 52-week low of $195.01 and a 52-week high of $248.00. The business has a 50-day simple moving average of $202.96 and a two-hundred day simple moving average of $216.51.

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. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 EPS. Research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies’s payout ratio is 43.17%.

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.