Stokes Capital Advisors LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,194 shares of the financial services provider's stock after purchasing an additional 1,228 shares during the period. Marsh & McLennan Companies makes up about 2.4% of Stokes Capital Advisors LLC's portfolio, making the stock its 13th largest holding. Stokes Capital Advisors LLC's holdings in Marsh & McLennan Companies were worth $9,565,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MMC. JPMorgan Chase & Co. lifted its position in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after acquiring an additional 184,239 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Marsh & McLennan Companies during the 4th quarter valued at $10,366,000. Stratos Wealth Advisors LLC raised its stake in Marsh & McLennan Companies by 30.8% during the 4th quarter. Stratos Wealth Advisors LLC now owns 1,685 shares of the financial services provider's stock valued at $358,000 after purchasing an additional 397 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Marsh & McLennan Companies by 5.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,033 shares of the financial services provider's stock valued at $10,875,000 after purchasing an additional 2,546 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.
Marsh & McLennan Companies Trading Up 0.6%
Marsh & McLennan Companies stock opened at $230.13 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $113.39 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.70 and a beta of 0.83. Marsh & McLennan Companies, Inc. has a one year low of $207.06 and a one year high of $248.00. The company's fifty day moving average price is $227.76 and its two-hundred day moving average price is $225.70.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the prior year, the business posted $2.89 earnings per share. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.
Marsh & McLennan Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is 39.95%.
Insiders Place Their Bets
In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares of the company's stock, valued at $3,326,412. This trade represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock valued at $16,244,986 over the last three months. 0.35% of the stock is currently owned by insiders.
Analysts Set New Price Targets
MMC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Barclays boosted their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Finally, 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 note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $241.93.
Check Out Our Latest Stock Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Company Profile
(
Free Report)
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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