HB Wealth Management LLC Has $3.86 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• HB Wealth Management LLC increased its holdings in Marsh & McLennan Companies, Inc. by 12.8%, now owning 15,827 shares valued at approximately $3.86 million.
• The company recently announced a dividend increase to $0.90 per share, resulting in an annualized dividend of $3.60 and a yield of 1.71%.
• Marsh & McLennan reported a quarterly earnings of $2.72 per share, exceeding estimates, with total revenue of $6.97 billion, marking a year-over-year increase of 12.1%.

HB Wealth Management LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,827 shares of the financial services provider's stock after acquiring an additional 1,800 shares during the quarter. HB Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $3,862,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MMC. Defined Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.5% in the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock valued at $780,000 after buying an additional 47 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Marsh & McLennan Companies by 0.6% in the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock valued at $1,825,000 after buying an additional 47 shares during the last quarter. Opus Capital Group LLC boosted its holdings in shares of Marsh & McLennan Companies by 2.6% in the 1st quarter. Opus Capital Group LLC now owns 1,926 shares of the financial services provider's stock valued at $470,000 after buying an additional 48 shares during the last quarter. Court Place Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 4.0% in the 1st quarter. Court Place Advisors LLC now owns 1,248 shares of the financial services provider's stock valued at $305,000 after buying an additional 48 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in shares of Marsh & McLennan Companies by 0.9% in the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MMC shares. Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. Barclays cut their price target on 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. UBS Group cut their price target on Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a report on Monday, July 21st. Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $239.79.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded down $0.38 during mid-day trading on Thursday, reaching $200.18. The company had a trading volume of 945,398 shares, compared to its average volume of 2,255,644. The business's 50-day simple moving average is $217.85 and its 200 day simple moving average is $224.45. The firm has a market cap of $98.41 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 2.46 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. Marsh & McLennan Companies, Inc. has a one year low of $198.77 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%. Marsh & McLennan Companies's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $2.41 earnings per share. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed 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 a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.80%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 43.17%.

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.