Marsh & McLennan Companies, Inc. $MMC Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,171 shares of the financial services provider’s stock after purchasing an additional 284 shares during the period. RWA Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Marsh & McLennan Companies by 54.2% in the 1st quarter. Wellington Management Group LLP now owns 12,814,788 shares of the financial services provider’s stock worth $3,127,193,000 after buying an additional 4,505,548 shares during the period. Nuveen LLC purchased a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at $1,038,594,000. Valeo Financial Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 48,212.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock worth $574,845,000 after acquiring an additional 2,623,745 shares during the period. Assenagon Asset Management S.A. lifted its position in Marsh & McLennan Companies by 5,035.9% during the second quarter. Assenagon Asset Management S.A. now owns 808,800 shares of the financial services provider’s stock valued at $176,836,000 after purchasing an additional 793,052 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Marsh & McLennan Companies by 225.1% in the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock valued at $229,803,000 after purchasing an additional 727,714 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MMC shares. Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $222.00 to $212.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Cantor Fitzgerald initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set an “overweight” rating and a $256.00 price target for the company. Bank of America reissued an “underperform” rating and issued a $181.00 price target (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. JPMorgan Chase & Co. raised shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $248.00 to $242.00 in a research note on Thursday, October 9th. Finally, Evercore ISI decreased their target price on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $228.63.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Trading Up 2.0%

Shares of MMC opened at $180.14 on Monday. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The firm has a market capitalization of $88.25 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.25 and a beta of 0.78. The firm has a 50-day moving average price of $195.49 and a 200 day moving average price of $209.21. 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 posted its earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. Marsh & McLennan Companies’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 EPS. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

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.