Marsh & McLennan Companies, Inc. $MMC Holdings Lifted by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,403 shares of the financial services provider’s stock after acquiring an additional 50 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Marsh & McLennan Companies were worth $1,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Accent Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth $25,000. Knuff & Co LLC acquired a new stake in shares of Marsh & McLennan Companies in the first quarter worth $28,000. Activest Wealth Management grew its stake in 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 buying an additional 111 shares during the last quarter. City Holding Co. bought a new position in shares of Marsh & McLennan Companies in the first quarter worth about $37,000. Finally, Capital Analysts LLC boosted its position in shares of Marsh & McLennan Companies by 61.0% in the first 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 period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research reports. Morgan Stanley dropped their price objective 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 decreased 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 research note on Friday, July 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, July 21st. UBS Group decreased their target price on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $238.76.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s 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 sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $201.25 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The firm’s 50-day moving average price is $202.96 and its two-hundred day moving average price is $216.51. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $98.94 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.53 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The business 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 business earned $2.41 EPS. Marsh & McLennan Companies’s revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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