JGP Wealth Management LLC Grows Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

JGP Wealth Management LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,755 shares of the financial services provider’s stock after purchasing an additional 254 shares during the quarter. JGP Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter valued at $27,000. Crewe Advisors LLC increased its stake in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Marsh & McLennan Companies during the first quarter valued at approximately $35,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 712.5% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after buying an additional 171 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE MMC traded up $0.54 during trading on Friday, reaching $224.07. 235,187 shares of the company’s stock were exchanged, compared to its average volume of 1,661,547. The stock has a market cap of $110.40 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32. The company has a 50 day moving average price of $224.42 and a two-hundred day moving average price of $214.01.

Marsh & McLennan Companies (NYSE:MMC) last posted 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. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company earned $2.20 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Analyst Ratings Changes

Several brokerages have issued reports on MMC. Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday. Barclays initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Roth Mkm raised their target price 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $216.69.

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were 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 owns 33,678 shares of the company’s stock, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is owned by insiders.

About Marsh & McLennan Companies

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.