Aaron Wealth Advisors LLC Buys 185 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aaron Wealth Advisors LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,925 shares of the financial services provider’s stock after acquiring an additional 185 shares during the period. Aaron Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC increased its holdings in Marsh & McLennan Companies by 2.5% during the first quarter. Park Avenue Securities LLC now owns 13,296 shares of the financial services provider’s stock worth $2,739,000 after buying an additional 322 shares during the last quarter. Marcum Wealth LLC grew its stake in shares of Marsh & McLennan Companies by 8.7% during the 1st quarter. Marcum Wealth LLC now owns 1,268 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 102 shares during the period. RFG Advisory LLC raised its stake in Marsh & McLennan Companies by 18.1% in the 1st quarter. RFG Advisory LLC now owns 1,583 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 243 shares during the period. First Affirmative Financial Network boosted its position in Marsh & McLennan Companies by 31.2% during the first quarter. First Affirmative Financial Network now owns 1,582 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 376 shares during the period. Finally, &PARTNERS purchased a new position in shares of Marsh & McLennan Companies in the first quarter worth about $311,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MMC shares. JPMorgan Chase & Co. raised their price objective 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. Barclays assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price for the company. Roth Mkm upped their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday. Finally, Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $220.13.

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 10,265 shares of Marsh & McLennan Companies stock in a transaction on 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 transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stacy Mills sold 4,101 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,566 shares of company stock valued at $4,420,137 in the last ninety days. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.0 %

Shares of MMC opened at $224.66 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $184.02 and a 1 year high of $232.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $225.28 and a two-hundred day simple moving average of $214.91. The firm has a market cap of $110.70 billion, a P/E ratio of 28.51, a P/E/G ratio of 3.58 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the firm earned $1.57 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date is Friday, October 4th. This represents a $3.26 annualized dividend and a yield of 1.45%. Marsh & McLennan Companies’s payout ratio is 41.37%.

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.