Aaron Wealth Advisors LLC Has $653,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aaron Wealth Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,925 shares of the financial services provider’s stock after buying an additional 185 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $653,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MMC. Indiana Trust & Investment Management CO acquired a new position in Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Marsh & McLennan Companies during the first quarter worth about $27,000. Crewe Advisors LLC raised its stake in Marsh & McLennan Companies by 100.0% in the 2nd quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter worth approximately $35,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 712.5% in the second quarter. Iron Horse Wealth Management LLC now owns 195 shares of the financial services provider’s stock valued at $41,000 after buying an additional 171 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Mark C. Mcgivney sold 10,265 shares of the firm’s stock in a transaction that occurred 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 completion of 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 filing with the SEC, which is available through this link. In related news, VP Stacy Mills sold 4,101 shares of the company’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 transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $659,925.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 10,265 shares of the business’s stock in a transaction that occurred 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 approximately $7,625,035.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,566 shares of company stock worth $4,420,137. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on MMC. Bank of America raised their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada upped their price objective on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday. Finally, Wells Fargo & Company decreased their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $220.13.

Marsh & McLennan Companies Stock Down 1.0 %

Shares of NYSE:MMC opened at $224.66 on Friday. The business has a fifty day simple moving average of $225.28 and a 200 day simple moving average of $214.91. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $232.32. 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. 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 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 return on equity of 33.92% and a net margin of 16.97%. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced 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 dividend yield of 1.45%. Marsh & McLennan Companies’s payout ratio is 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.