Apollon Wealth Management LLC Has $14.78 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Apollon Wealth Management LLC cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,580 shares of the financial services provider's stock after selling 3,263 shares during the quarter. Apollon Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $14,783,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock worth $1,856,000 after purchasing an additional 2,960 shares during the period. Bank Pictet & Cie Europe AG bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $37,178,000. Proficio Capital Partners LLC lifted its stake in Marsh & McLennan Companies by 40.1% during the fourth quarter. Proficio Capital Partners LLC now owns 3,244 shares of the financial services provider's stock worth $689,000 after purchasing an additional 928 shares during the period. Independent Advisor Alliance lifted its stake in Marsh & McLennan Companies by 119.5% during the fourth quarter. Independent Advisor Alliance now owns 4,635 shares of the financial services provider's stock worth $985,000 after purchasing an additional 2,523 shares during the period. Finally, Great Lakes Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 80.6% during the fourth quarter. Great Lakes Advisors LLC now owns 2,184 shares of the financial services provider's stock worth $464,000 after buying an additional 975 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on MMC shares. Barclays dropped their price objective on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Jefferies Financial Group raised their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating for the company in a report on Wednesday, July 9th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. Finally, UBS Group raised their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $240.50.

Marsh & McLennan Companies Price Performance

MMC opened at $211.62 on Monday. The company has a fifty day moving average price of $222.70 and a two-hundred day moving average price of $224.83. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52 week low of $207.21 and a 52 week high of $248.00. The firm has a market capitalization of $104.27 billion, a PE ratio of 25.93, a P/E/G ratio of 2.59 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. During the same period last year, the firm posted $2.89 earnings per share. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be given a $0.90 dividend. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, July 24th. Marsh & McLennan Companies's payout ratio is currently 44.12%.

Marsh & McLennan Companies Company Profile

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.

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