Aptus Capital Advisors LLC Has $15.44 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aptus Capital Advisors LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 21.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,197 shares of the financial services provider's stock after purchasing an additional 12,093 shares during the quarter. Aptus Capital Advisors LLC's holdings in Marsh & McLennan Companies were worth $15,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fortitude Family Office LLC grew its stake in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock worth $64,000 after buying an additional 45 shares during the last quarter. Kingfisher Capital LLC increased its holdings in Marsh & McLennan Companies by 4.7% during the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 47 shares in the last quarter. Drive Wealth Management LLC raised its position in Marsh & McLennan Companies by 3.7% in the 2nd quarter. Drive Wealth Management LLC now owns 1,382 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 49 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in Marsh & McLennan Companies by 2.3% in the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock worth $468,000 after purchasing an additional 49 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Marsh & McLennan Companies by 0.6% in the second quarter. Ritholtz Wealth Management now owns 8,953 shares of the financial services provider's stock valued at $1,887,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the 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 owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Up 0.6 %

Shares of MMC traded up $1.45 during midday trading on Tuesday, hitting $225.24. The stock had a trading volume of 1,772,049 shares, compared to its average volume of 1,688,657. 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 firm has a market cap of $110.62 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 3.35 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. The company has a 50 day simple moving average of $224.75 and a two-hundred day simple moving average of $217.45.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted 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 company had revenue of $5.70 billion for the quarter, compared to the consensus estimate 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 was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 annualized dividend and a dividend yield of 1.45%. Marsh & McLennan Companies's dividend payout ratio is presently 40.15%.

Analyst Ratings Changes

A number of equities research analysts have commented on MMC shares. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a "sell" rating in a report on Friday, October 18th. Royal Bank of Canada lifted their target price 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. Wells Fargo & Company lowered their price objective 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. Finally, UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of "Hold" and a consensus price target of $225.33.

Marsh & McLennan Companies Company 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.