Calamos Wealth Management LLC Has $8.24 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Wealth Management LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,087 shares of the financial services provider’s stock after acquiring an additional 668 shares during the quarter. Calamos Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $8,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $26,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the first quarter worth about $27,000. Sachetta LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $29,000. Finally, Clear Investment Research LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $33,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MMC. Royal Bank of Canada increased their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Bank of America increased their price target on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $214.25.

Marsh & McLennan Companies Price Performance

Shares of MMC traded down $2.15 during trading hours on Friday, reaching $223.32. The stock had a trading volume of 1,051,957 shares, compared to its average volume of 1,672,724. The stock has a market capitalization of $110.04 billion, a PE ratio of 28.34, a PEG ratio of 3.20 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 12 month low of $184.02 and a 12 month high of $227.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The company’s 50-day moving average is $217.41 and its two-hundred day moving average is $208.54.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the business posted $2.20 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a dividend of $0.815 per share. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $7,625,035.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,735 shares of company stock valued at $6,151,377. Company insiders own 0.30% of the company’s stock.

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.