Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Raised by IHT Wealth Management LLC

IHT Wealth Management LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 30.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,460 shares of the financial services provider’s stock after buying an additional 814 shares during the period. IHT Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $772,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. IAM Advisory LLC grew its holdings in shares of Marsh & McLennan Companies by 2.3% during the 2nd quarter. IAM Advisory LLC now owns 7,907 shares of the financial services provider’s stock valued at $1,666,000 after acquiring an additional 180 shares in the last quarter. Czech National Bank raised its position in Marsh & McLennan Companies by 8.5% in the second quarter. Czech National Bank now owns 93,893 shares of the financial services provider’s stock worth $19,785,000 after purchasing an additional 7,325 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Marsh & McLennan Companies during the second quarter worth about $8,967,000. Occidental Asset Management LLC grew its stake in shares of Marsh & McLennan Companies by 5.6% during the second quarter. Occidental Asset Management LLC now owns 17,202 shares of the financial services provider’s stock valued at $3,625,000 after purchasing an additional 911 shares during the last quarter. Finally, Sterling Group Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $332,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.4 %

Shares of MMC stock opened at $225.16 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $235.50. The company has a market cap of $110.58 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.77 and a beta of 0.94. The stock has a 50 day simple moving average of $224.77 and a 200-day simple moving average of $220.32.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the company earned $1.57 EPS. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 4th were issued a $0.815 dividend. The ex-dividend date of this dividend was 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 currently 40.15%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group increased their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research report on Tuesday, October 22nd. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $227.60.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s 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 completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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.