Capital Wealth Planning LLC Has $336,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Capital Wealth Planning LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,596 shares of the financial services provider’s stock after acquiring an additional 196 shares during the quarter. Capital Wealth Planning LLC’s holdings in Marsh & McLennan Companies were worth $336,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Parnassus Investments LLC increased its holdings in Marsh & McLennan Companies by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 4,259,567 shares of the financial services provider’s stock valued at $807,060,000 after buying an additional 11,459 shares during the period. Raymond James & Associates boosted its holdings in shares of Marsh & McLennan Companies by 2.6% in the 2nd quarter. Raymond James & Associates now owns 925,411 shares of the financial services provider’s stock valued at $195,003,000 after purchasing an additional 23,133 shares in the last quarter. Veritas Investment Partners UK Ltd. raised its holdings in shares of Marsh & McLennan Companies by 16.9% during the 4th quarter. Veritas Investment Partners UK Ltd. now owns 1,404,598 shares of the financial services provider’s stock worth $266,134,000 after buying an additional 203,017 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Marsh & McLennan Companies by 12.4% during the 1st quarter. Nordea Investment Management AB now owns 906,976 shares of the financial services provider’s stock worth $187,218,000 after buying an additional 100,378 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $3,465,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Bank of America raised their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $215.53.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total value of $2,324,098.65. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $659,925.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,735 shares of company stock valued at $4,897,317. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.2 %

Marsh & McLennan Companies stock opened at $229.68 on Monday. The company has a market capitalization of $113.17 billion, a PE ratio of 29.15, 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 $232.32. The firm’s fifty day moving average is $222.17 and its 200 day moving average is $211.57. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. The ex-dividend date was Thursday, July 25th. This represents a $3.26 annualized dividend and a yield of 1.42%. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

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.