Western Wealth Management LLC Has $957,000 Stock Position in Marsh & McLennan Companies, Inc. $MMC

Western Wealth Management LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,376 shares of the financial services provider’s stock after acquiring an additional 287 shares during the quarter. Western Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $957,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MMC. Brighton Jones LLC grew its position in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted its holdings in Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares in the last quarter. Private Advisor Group LLC increased its position in Marsh & McLennan Companies by 1.2% during the first quarter. Private Advisor Group LLC now owns 12,808 shares of the financial services provider’s stock worth $3,125,000 after buying an additional 146 shares during the last quarter. AMG National Trust Bank raised its holdings in Marsh & McLennan Companies by 4.9% during the first quarter. AMG National Trust Bank now owns 4,040 shares of the financial services provider’s stock valued at $986,000 after buying an additional 190 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Marsh & McLennan Companies by 7.6% in the first quarter. Kestra Private Wealth Services LLC now owns 11,839 shares of the financial services provider’s stock worth $2,889,000 after buying an additional 840 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Down 1.1%

Shares of Marsh & McLennan Companies stock opened at $180.75 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The company’s fifty day simple moving average is $192.70 and its 200-day simple moving average is $207.51. The company has a market cap of $88.55 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.25 and a beta of 0.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the firm earned $1.63 EPS. The business’s revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Thursday, October 2nd were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Cantor Fitzgerald began coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective on the stock. Keefe, Bruyette & Woods upgraded Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $209.00 to $191.00 in a report on Friday, October 17th. JPMorgan Chase & Co. upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $248.00 to $242.00 in a research note on Thursday, October 9th. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their target price for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Finally, Morgan Stanley cut their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $228.63.

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 that occurred on Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by corporate insiders.

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.