Marsh & McLennan Companies, Inc. $MMC Shares Bought by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC increased its holdings in Marsh & McLennan Companies by 294.9% in Q2, owning a total of 3,759 shares valued at $822,000.
• Marsh & McLennan reported quarterly earnings of $2.72 EPS, exceeding analyst expectations, with revenues of $6.97 billion and a 12.1% year-over-year revenue increase.
• The company will distribute a quarterly dividend of $0.90 on November 14th, resulting in an annualized yield of 1.8%.

GC Wealth Management RIA LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 294.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,759 shares of the financial services provider's stock after purchasing an additional 2,807 shares during the quarter. GC Wealth Management RIA LLC's holdings in Marsh & McLennan Companies were worth $822,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Harbour Investments Inc. increased its holdings in shares of Marsh & McLennan Companies by 3.6% in the 1st quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider's stock valued at $306,000 after acquiring an additional 44 shares during the last quarter. Defined Wealth Management LLC increased its stake in Marsh & McLennan Companies by 1.5% in the first quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider's stock valued at $780,000 after purchasing an additional 47 shares during the last quarter. IFP Advisors Inc raised its holdings in Marsh & McLennan Companies by 0.6% during the first quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider's stock worth $1,825,000 after purchasing an additional 47 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider's stock valued at $1,102,000 after buying an additional 47 shares in the last quarter. Finally, E Fund Management Co. Ltd. grew its position in shares of Marsh & McLennan Companies by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider's stock valued at $308,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analysts Set New Price Targets

MMC has been the subject of a number of research reports. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price target for the company. Morgan Stanley decreased their target price on Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, July 21st. UBS Group decreased their price objective 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. Finally, Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a "peer perform" rating on the stock. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $238.76.

Marsh & McLennan Companies Trading Up 0.2%

NYSE:MMC opened at $199.99 on Tuesday. Marsh & McLennan Companies, Inc. has a 12-month low of $195.01 and a 12-month high of $248.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock's 50 day simple moving average is $203.66 and its 200-day simple moving average is $217.40. The firm has a market cap of $98.32 billion, a P/E ratio of 23.98, a PEG ratio of 2.51 and a beta of 0.81.

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

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 2nd will be given a $0.90 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company's stock, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies 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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