FSM Wealth Advisors LLC Boosts Holdings in Marsh & McLennan Companies, Inc. $MMC

FSM Wealth Advisors LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,783 shares of the financial services provider’s stock after acquiring an additional 110 shares during the period. FSM Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $380,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Accent Capital Management LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at $28,000. Activest Wealth Management lifted its position in shares of Marsh & McLennan Companies by 2,775.0% during 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. Capital Analysts LLC increased its holdings in Marsh & McLennan Companies by 61.0% during the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 64 shares during the period. Finally, Clean Yield Group boosted its holdings in Marsh & McLennan Companies by 114.4% in the 2nd quarter. Clean Yield Group now owns 193 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MMC. Barclays cut their price objective on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $226.00 price target for the company. Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price objective for the company. Finally, Wolfe Research initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $234.07.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on 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 transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $188.04 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a market cap of $92.12 billion, a PE ratio of 22.55, a PEG ratio of 2.37 and a beta of 0.81. The company’s fifty day moving average is $201.58 and its 200 day moving average is $212.93. Marsh & McLennan Companies, Inc. has a 52 week low of $185.12 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 2nd. Marsh & McLennan Companies’s dividend 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.