Checchi Capital Advisers LLC Buys 324 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Checchi Capital Advisers LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 6.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,358 shares of the financial services provider’s stock after acquiring an additional 324 shares during the period. Checchi Capital Advisers LLC’s holdings in Marsh & McLennan Companies were worth $913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Delos Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $25,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $28,000. Smith Group Asset Management LLC lifted its stake in shares of Marsh & McLennan Companies by 196.6% during the 4th quarter. Smith Group Asset Management LLC now owns 172 shares of the financial services provider’s stock valued at $30,000 after buying an additional 114 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its stake in shares of Marsh & McLennan Companies by 90.7% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 185 shares of the financial services provider’s stock valued at $32,000 after buying an additional 88 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its stake in shares of Marsh & McLennan Companies by 52.8% during the 1st quarter. Hanson & Doremus Investment Management now owns 249 shares of the financial services provider’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. 88.61% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.2 %

Shares of NYSE MMC opened at $165.60 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $142.80 and a 1 year high of $183.14. The stock has a market cap of $83.12 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.96 and a beta of 0.90. The firm has a 50-day moving average of $155.39 and a 200 day moving average of $158.16. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 1.16.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The company had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same period last year, the company posted $1.75 EPS. Marsh & McLennan Companies’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 6.8 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Thursday, July 28th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, July 27th. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s payout ratio is 35.60%.

Analysts Set New Price Targets

Several analysts have issued reports on MMC shares. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies to $185.00 in a research note on Friday, July 22nd. The Goldman Sachs Group began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, July 12th. They issued a “buy” rating and a $182.00 target price on the stock. Raymond James raised their price objective on shares of Marsh & McLennan Companies from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. StockNews.com cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 30th. Finally, Piper Sandler raised their price objective on shares of Marsh & McLennan Companies from $185.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $177.00.

Marsh & McLennan Companies Profile

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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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

See Also

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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