WealthBridge Capital Management LLC Takes $248,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

WealthBridge Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,113 shares of the financial services provider’s stock, valued at approximately $248,000.

Several other institutional investors have also recently bought and sold shares of MMC. GAMMA Investing LLC lifted its stake in shares of Marsh & McLennan Companies by 38.3% during the third quarter. GAMMA Investing LLC now owns 3,865 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 1,070 shares during the period. Unique Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $205,000. Czech National Bank lifted its holdings in Marsh & McLennan Companies by 6.7% in the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after buying an additional 6,282 shares during the period. AMF Tjanstepension AB grew its holdings in Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after acquiring an additional 19,024 shares during the period. Finally, Trust Co. of Toledo NA OH lifted its stake in shares of Marsh & McLennan Companies by 13.8% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 4,178 shares of the financial services provider’s stock valued at $932,000 after purchasing an additional 508 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.1 %

Shares of NYSE MMC opened at $219.78 on Tuesday. The firm has a 50 day moving average price of $224.32 and a two-hundred day moving average price of $213.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $108.29 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.74 EPS 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. Stockholders of record on Friday, October 4th will be paid a $0.815 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MMC shares. Bank of America upped their price objective on Marsh & McLennan Companies from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Roth Mkm upped their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Finally, Barclays initiated coverage on Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $215.81.

Insider Buying and Selling

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 10,265 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,735 shares of company stock worth $4,897,317. 0.30% of the stock is owned by company insiders.

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.