Executive Wealth Management LLC Purchases New Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Executive Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,372 shares of the financial services provider's stock, valued at approximately $8,337,000.

Several other hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. increased its holdings in Marsh & McLennan Companies by 4,991.4% in the second quarter. Assenagon Asset Management S.A. now owns 693,087 shares of the financial services provider's stock valued at $146,047,000 after buying an additional 679,474 shares during the last quarter. FMR LLC increased its holdings in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after acquiring an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock worth $200,718,000 after purchasing an additional 504,897 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock valued at $95,430,000 after purchasing an additional 426,425 shares in the last quarter. Finally, Truist Financial Corp increased its stake in Marsh & McLennan Companies by 93.9% in the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider's stock valued at $160,563,000 after purchasing an additional 368,970 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Trading Down 1.2 %

Marsh & McLennan Companies stock traded down $2.58 during trading on Tuesday, hitting $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 company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $105.88 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.71 and a beta of 0.94. The stock's fifty day moving average is $224.70 and its 200 day moving average is $220.65. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results 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. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. Marsh & McLennan Companies's revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were paid 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 yield of 1.51%. Marsh & McLennan Companies's dividend payout ratio is presently 40.15%.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were 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 directly owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MMC shares. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 10th. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $209.00 to $212.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 22nd. Bank of America boosted their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Two research 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 MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $227.60.

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.