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

Segment Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,269 shares of the financial services provider’s stock after buying an additional 350 shares during the period. Marsh & McLennan Companies accounts for approximately 1.2% of Segment Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Segment Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $17,684,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $27,000. Crewe Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 80 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Marsh & McLennan Companies in the first quarter valued at approximately $35,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MMC. UBS Group lifted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Barclays began coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $225.33.

Marsh & McLennan Companies Stock Down 0.1 %

Shares of NYSE:MMC opened at $221.87 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32. The stock’s fifty day simple moving average is $225.46 and its 200-day simple moving average is $215.34. The company has a market capitalization of $109.32 billion, a P/E ratio of 28.16, a P/E/G ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the business earned $1.57 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.47%. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

Insider Activity at Marsh & McLennan Companies

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,566 shares of company stock worth $4,420,137. 0.30% of the stock is currently owned by insiders.

About Marsh & McLennan Companies

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.