Signal Advisors Wealth LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Signal Advisors Wealth LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 2,448 shares of the financial services provider’s stock, valued at approximately $597,000.

Other institutional investors have also made changes to their positions in the company. Modera Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management boosted its holdings in shares of Marsh & McLennan Companies by 6.7% in the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after buying an additional 48 shares during the period. DF Dent & Co. Inc. boosted its holdings in shares of Marsh & McLennan Companies by 0.9% in the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider’s stock valued at $1,224,000 after buying an additional 49 shares during the period. New England Professional Planning Group Inc. boosted its holdings in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock valued at $268,000 after buying an additional 50 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Marsh & McLennan Companies by 4.1% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,260 shares of the financial services provider’s stock valued at $268,000 after buying an additional 50 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $230.13 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average price is $227.76 and its two-hundred day moving average price is $225.70. Marsh & McLennan Companies, Inc. has a 1 year low of $207.06 and a 1 year high of $248.00. The firm has a market capitalization of $113.39 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were paid a $0.815 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.95%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the sale, the senior vice president now directly owns 13,522 shares in the company, valued at $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This trade represents a 25.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,634 shares of company stock worth $16,244,986. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MMC shares. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 price target for the company. UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.