Resonant Capital Advisors LLC Has $358,000 Stock Position in Marsh & McLennan Companies, Inc. $MMC

Resonant Capital Advisors LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.9% in the second quarter, Holdings Channel reports. The institutional investor owned 1,638 shares of the financial services provider’s stock after acquiring an additional 161 shares during the period. Resonant Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MMC. Harbour Investments Inc. boosted its holdings in Marsh & McLennan Companies by 3.6% during the first quarter. Harbour Investments Inc. now owns 1,253 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 44 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Marsh & McLennan Companies by 0.6% during the 1st quarter. IFP Advisors Inc now owns 7,479 shares of the financial services provider’s stock valued at $1,825,000 after buying an additional 47 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake 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 buying an additional 47 shares in the last quarter. E Fund Management Co. Ltd. lifted its stake in shares of Marsh & McLennan Companies by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,263 shares of the financial services provider’s stock valued at $308,000 after buying an additional 47 shares in the last quarter. Finally, McAdam LLC lifted its stake in shares of Marsh & McLennan Companies by 1.2% during the 1st quarter. McAdam LLC now owns 3,948 shares of the financial services provider’s stock valued at $963,000 after buying an additional 47 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Morgan Stanley decreased their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Evercore ISI decreased their price target on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday, October 8th. Finally, Wolfe Research started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $234.07.

Marsh & McLennan Companies Price Performance

MMC stock opened at $187.64 on Tuesday. The firm has a market cap of $91.93 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.34 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day moving average is $200.76 and its 200 day moving average is $212.24. Marsh & McLennan Companies, Inc. has a 52 week low of $185.12 and a 52 week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.07. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 EPS. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 1.9%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies 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.