Brophy Wealth Management LLC Makes New $1.76 Million Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Brophy Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,880 shares of the financial services provider's stock, valued at approximately $1,758,000.

Other large investors have also bought and sold shares of the company. Carmichael Hill & Associates Inc. raised its position in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $31,000. Crewe Advisors LLC raised its position in shares of Marsh & McLennan Companies by 100.0% in the 2nd 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. Capital Performance Advisors LLP bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $41,000. Finally, Ridgewood Investments LLC bought a new position in shares of Marsh & McLennan Companies in the 2nd quarter worth about $41,000. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the subject of several research analyst reports. Evercore ISI reissued an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research report on Thursday, October 10th. Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a "sell" rating in a research note on Friday, October 18th. Finally, Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $227.60.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock traded down $2.58 during trading hours on Tuesday, reaching $215.59. The company's stock had a trading volume of 2,357,334 shares, compared to its average volume of 1,702,911. The firm has a 50 day moving average price of $224.70 and a 200-day moving average price of $220.65. Marsh & McLennan Companies, Inc. has a one year low of $184.28 and a one year high of $235.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $105.88 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.71 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date was Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.51%. Marsh & McLennan Companies's dividend payout ratio is currently 40.15%.

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.