Modera Wealth Management LLC Has $521,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Modera Wealth Management LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,135 shares of the financial services provider’s stock after purchasing an additional 250 shares during the period. Modera Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $521,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Defined Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 1.5% in the 1st quarter. Defined Wealth Management LLC now owns 3,198 shares of the financial services provider’s stock worth $780,000 after purchasing an additional 47 shares during the period. IFP Advisors Inc lifted its position in shares of Marsh & McLennan Companies by 0.6% in the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock worth $1,825,000 after purchasing an additional 47 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Marsh & McLennan Companies by 1.1% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,517 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 47 shares during the period. Opus Capital Group LLC lifted its position in shares of Marsh & McLennan Companies by 2.6% during the 1st quarter. Opus Capital Group LLC now owns 1,926 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 48 shares during the period. Finally, Court Place Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 4.0% during the 1st quarter. Court Place Advisors LLC now owns 1,248 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MMC. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an “equal weight” rating on the stock in a research report on Friday, July 18th. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, July 21st. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Barclays dropped their target price on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Finally, UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a “buy” rating on the stock in a report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $239.79.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $197.76 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $196.27 and a 1 year high of $248.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $97.22 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.41 and a beta of 0.80. The company has a fifty day moving average price of $216.62 and a 200-day moving average price of $224.26.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the prior year, the business posted $2.41 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 24th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, July 24th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.82. This represents a $3.60 annualized dividend and a yield of 1.8%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

About Marsh & McLennan Companies

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.