OneAscent Family Office LLC Purchases New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

OneAscent Family Office LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,018 shares of the financial services provider's stock, valued at approximately $492,000.

A number of other large investors have also recently added to or reduced their stakes in MMC. Kestra Private Wealth Services LLC increased its stake in Marsh & McLennan Companies by 7.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 11,839 shares of the financial services provider's stock valued at $2,889,000 after buying an additional 840 shares during the last quarter. AMG National Trust Bank increased its position in shares of Marsh & McLennan Companies by 4.9% in the first quarter. AMG National Trust Bank now owns 4,040 shares of the financial services provider's stock valued at $986,000 after acquiring an additional 190 shares during the last quarter. Private Advisor Group LLC raised its holdings in Marsh & McLennan Companies by 1.2% during the first quarter. Private Advisor Group LLC now owns 12,808 shares of the financial services provider's stock worth $3,125,000 after acquiring an additional 146 shares in the last quarter. Markel Group Inc. boosted its position in Marsh & McLennan Companies by 1.1% during the first quarter. Markel Group Inc. now owns 743,500 shares of the financial services provider's stock valued at $181,436,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Burling Wealth Partners LLC increased its position in shares of Marsh & McLennan Companies by 4.7% during the 1st quarter. Burling Wealth Partners LLC now owns 20,700 shares of the financial services provider's stock worth $5,051,000 after purchasing an additional 925 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

NYSE MMC traded up $1.43 during trading on Friday, hitting $212.47. 3,524,077 shares of the company's stock were exchanged, compared to its average volume of 2,003,678. The stock's 50 day moving average price is $221.16 and its two-hundred day moving average price is $224.72. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.21 and a fifty-two week 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 company has a market cap of $104.45 billion, a PE ratio of 25.48, a P/E/G ratio of 2.58 and a beta of 0.80.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $6.97 billion during 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%. The company's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.41 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be given a $0.90 dividend. The ex-dividend date 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 dividend yield of 1.69%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.09%.

Wall Street Analysts Forecast Growth

MMC has been the topic of several analyst reports. 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. Wells Fargo & Company reduced 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. Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $215.00 to $214.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 9th. Barclays reduced their target price on Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Finally, UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus price target of $240.29.

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.