1,521 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,521 shares of the financial services provider’s stock, valued at approximately $321,000.

Several other hedge funds have also recently modified their holdings of MMC. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $1,048,077,000. Price T Rowe Associates Inc. MD raised its position in Marsh & McLennan Companies by 32.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after acquiring an additional 2,526,701 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Marsh & McLennan Companies by 4,991.4% in the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider’s stock worth $146,047,000 after acquiring an additional 679,474 shares in the last quarter. Jennison Associates LLC raised its position in Marsh & McLennan Companies by 229.6% in the first quarter. Jennison Associates LLC now owns 932,452 shares of the financial services provider’s stock worth $192,066,000 after acquiring an additional 649,505 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in Marsh & McLennan Companies by 322.7% in the fourth quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock worth $144,232,000 after acquiring an additional 581,131 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $229.08 on Thursday. The firm has a market capitalization of $112.87 billion, a P/E ratio of 29.07, a P/E/G ratio of 3.18 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1-year low of $184.02 and a 1-year high of $232.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day simple moving average is $221.51 and its 200-day simple moving average is $211.16.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 EPS. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were issued a dividend of $0.815 per share. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the sale, the senior vice president now directly owns 11,861 shares in the company, valued at approximately $2,609,420. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares in the company, valued at $2,609,420. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MMC shares. Bank of America raised their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Roth Mkm raised their price target on Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Barclays started coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target for the company. Finally, Royal Bank of Canada raised their price target on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $215.53.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.