Icon Wealth Advisors LLC Has $433,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Icon Wealth Advisors LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 83.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,942 shares of the financial services provider’s stock after selling 9,817 shares during the period. Icon Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $433,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. raised its holdings in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Crewe Advisors LLC grew its position in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 80 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 712.5% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 171 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 1.5 %

MMC stock opened at $227.82 on Friday. The business’s 50-day simple moving average is $223.67 and its 200 day simple moving average is $218.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $111.89 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 3.34 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a twelve month low of $184.28 and a twelve month high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 earnings per share. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analyst Weigh In

MMC has been the topic of several recent research reports. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Barclays lifted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday. Royal Bank of Canada raised their target price on shares of 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. Finally, The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $226.00.

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.