CreativeOne Wealth LLC Acquires 1,326 Shares of Marsh & McLennan Companies, Inc. $MMC

Key Points

• CreativeOne Wealth LLC increased its stake in Marsh & McLennan Companies by 3.9%, owning 35,374 shares valued at approximately $8.63 million by the end of the first quarter.
• Several institutional investors, including Wellington Management Group LLC and GAMMA Investing LLC, significantly increased their stakes during the same period, with Wellington's ownership growing to over $3.12 billion.
• Marsh & McLennan Companies recently announced a quarterly dividend increase to $0.90 per share, reflecting a positive change from the previous $0.82, with a current yield of 1.7%.

CreativeOne Wealth LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,374 shares of the financial services provider's stock after buying an additional 1,326 shares during the period. CreativeOne Wealth LLC's holdings in Marsh & McLennan Companies were worth $8,632,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MMC. Accent Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at $28,000. Ameriflex Group Inc. bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at $37,000. City Holding Co. bought a new position in shares of Marsh & McLennan Companies during the first quarter valued at $37,000. Finally, Capital Analysts LLC raised its stake in shares of Marsh & McLennan Companies by 61.0% during the first quarter. Capital Analysts LLC now owns 169 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 0.4%

NYSE:MMC traded down $0.73 during trading hours on Friday, reaching $205.71. The company had a trading volume of 2,404,938 shares, compared to its average volume of 2,159,200. Marsh & McLennan Companies, Inc. has a twelve month low of $196.27 and a twelve month high of $248.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The firm has a market cap of $101.13 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 2.58 and a beta of 0.77. The business's 50-day simple moving average is $209.38 and its two-hundred day simple moving average is $222.24.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings results 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. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 24th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.8%. This is an increase from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, July 24th. Marsh & McLennan Companies's payout ratio is presently 43.17%.

Analyst Ratings Changes

Several research firms have recently issued reports on MMC. UBS Group dropped their price target on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Citigroup began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $226.00 price target for the company. Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, July 21st. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research note on Friday, July 18th. Finally, Morgan Stanley lowered their target price on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $238.76.

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.