Axxcess Wealth Management LLC Has $3.85 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Axxcess Wealth Management LLC lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 26.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,756 shares of the financial services provider's stock after selling 5,785 shares during the quarter. Axxcess Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $3,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parisi Gray Wealth Management acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $947,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Marsh & McLennan Companies by 101.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 103,551 shares of the financial services provider's stock worth $25,270,000 after purchasing an additional 52,218 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in Marsh & McLennan Companies by 2.1% during the first quarter. Annex Advisory Services LLC now owns 63,300 shares of the financial services provider's stock worth $15,447,000 after purchasing an additional 1,288 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 101.4% during the first quarter. Penserra Capital Management LLC now owns 7,136 shares of the financial services provider's stock worth $1,741,000 after purchasing an additional 3,593 shares during the last quarter. Finally, US Asset Management LLC boosted its holdings in Marsh & McLennan Companies by 23.1% during the first quarter. US Asset Management LLC now owns 6,847 shares of the financial services provider's stock worth $1,671,000 after purchasing an additional 1,284 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded down $3.09 on Friday, hitting $211.62. The company had a trading volume of 2,234,444 shares, compared to its average volume of 1,980,081. Marsh & McLennan Companies, Inc. has a 1-year low of $207.21 and a 1-year high of $248.00. The stock has a market cap of $104.27 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.59 and a beta of 0.80. The stock has a 50 day moving average price of $222.70 and a 200 day moving average price of $224.83. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.13% and a return on equity of 32.19%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the company earned $2.89 earnings per share. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a dividend yield of 1.70%. Marsh & McLennan Companies's dividend payout ratio is 39.95%.

Wall Street Analyst Weigh In

MMC has been the subject of several recent research reports. Barclays reduced their target price 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. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price for the company. UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $240.50.

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.