Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,113 shares of the financial services provider's stock after buying an additional 7,869 shares during the quarter. Axxcess Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $4,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMC. Valley National Advisers Inc. increased its stake in shares of Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider's stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $27,000. Headinvest LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth $28,000. Cordant Inc. purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $28,000. Finally, OFI Invest Asset Management purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Down 0.0 %

Shares of NYSE MMC traded down $0.09 during mid-day trading on Friday, hitting $199.27. The stock had a trading volume of 1,039,890 shares, compared to its average volume of 1,926,955. The business has a 50 day moving average price of $202.84 and a two-hundred day moving average price of $197.38. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The firm has a market cap of $98.18 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 36.04%.

Analysts Set New Price Targets

MMC has been the topic of several analyst reports. Morgan Stanley upped their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a "hold" rating in a report on Friday, April 19th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a "buy" rating to a "sell" rating and dropped their price objective for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an "underperform" rating in a report on Wednesday, April 10th. Finally, Evercore ISI boosted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an "outperform" rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $207.69.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Martine Ferland sold 9,128 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the sale, the chief executive officer now directly owns 9,979 shares in the company, valued at $2,012,065.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Martine Ferland sold 9,128 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total value of $1,840,478.64. Following the sale, the chief executive officer now directly owns 9,979 shares of the company's stock, valued at $2,012,065.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares of the company's stock, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.