Marsh & McLennan Companies, Inc. $MMC Stock Position Increased by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,510 shares of the financial services provider’s stock after buying an additional 336 shares during the quarter. Evernest Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MMC. Harbour Investments Inc. increased its position in shares of Marsh & McLennan Companies by 3.6% in the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 44 shares in the last quarter. IFP Advisors Inc increased its position in shares of Marsh & McLennan Companies by 0.6% in the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after acquiring an additional 47 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in Marsh & McLennan Companies by 1.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 47 shares in the last quarter. E Fund Management Co. Ltd. grew its position in Marsh & McLennan Companies by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 47 shares in the last quarter. Finally, McAdam LLC grew its position in Marsh & McLennan Companies by 1.2% during the first quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 47 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MMC has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley lowered their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Barclays reduced their target price on shares of Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $237.13.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $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 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 $204.05 on Thursday. The firm has a fifty day simple moving average of $203.55 and a 200-day simple moving average of $214.98. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The stock has a market capitalization of $100.31 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.61 and a beta of 0.81.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the previous year, the company earned $2.41 earnings per share. Marsh & McLennan Companies’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company 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 $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 2nd. Marsh & McLennan Companies’s payout ratio is presently 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.