Aprio Wealth Management LLC Buys 139 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aprio Wealth Management LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,890 shares of the financial services provider’s stock after buying an additional 139 shares during the quarter. Aprio Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $422,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies in the first quarter worth about $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the first quarter worth about $27,000. Crewe Advisors LLC boosted its position in Marsh & McLennan Companies by 100.0% in the second quarter. Crewe Advisors LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 80 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $35,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 712.5% during the 2nd 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 currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $477,180.00. Following the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 stock was sold at an average price of $226.41, for a total value of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $7,625,035.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now owns 11,861 shares in the company, valued at approximately $2,609,420. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,735 shares of company stock worth $4,897,317 in the last three months. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

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

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 4th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, October 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

Wall Street Analyst Weigh In

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

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.