Executive Wealth Management LLC Purchases New Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Executive Wealth Management LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,372 shares of the financial services provider’s stock, valued at approximately $8,337,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. FMR LLC grew its position in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the period. Legal & General Group Plc grew its position in shares of Marsh & McLennan Companies by 5.2% in the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock valued at $954,712,000 after purchasing an additional 223,257 shares during the period. Parnassus Investments LLC grew its position in shares of Marsh & McLennan Companies by 2.0% in the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after purchasing an additional 85,754 shares during the period. Clearbridge Investments LLC grew its position in shares of Marsh & McLennan Companies by 1.7% in the second quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider’s stock valued at $718,368,000 after purchasing an additional 58,461 shares during the period. Finally, Jensen Investment Management Inc. grew its position in shares of Marsh & McLennan Companies by 1.3% in the second quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider’s stock valued at $679,837,000 after purchasing an additional 40,182 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $218.17 on Tuesday. The company’s 50 day simple moving average is $224.70 and its 200-day simple moving average is $220.65. The company has a market capitalization of $107.15 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 1 year low of $184.28 and a 1 year high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MMC shares. Evercore ISI reissued an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. BMO Capital Markets raised their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm raised their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $227.60.

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.