Apollon Wealth Management LLC Buys 1,696 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Apollon Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,267 shares of the financial services provider’s stock after buying an additional 1,696 shares during the quarter. Apollon Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $12,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Indiana Trust & Investment Management CO bought a new stake in Marsh & McLennan Companies during the first quarter valued at $25,000. Private Wealth Management Group LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $26,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the 1st quarter worth $27,000. Sachetta LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at $29,000. Finally, Clear Investment Research LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $33,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.6 %

Marsh & McLennan Companies stock traded up $1.29 during midday trading on Monday, reaching $223.20. The stock had a trading volume of 978,171 shares, compared to its average volume of 1,690,019. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $227.63. The company has a fifty day moving average of $215.97 and a 200 day moving average of $207.56. The firm has a market cap of $109.98 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company 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%. Marsh & McLennan Companies’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 EPS. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.73 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.37%.

Insiders Place Their Bets

In other news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction 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 $659,925.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $659,925.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The stock was 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 in the company, valued at $7,625,035.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,735 shares of company stock valued at $6,151,377. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MMC shares. TD Cowen lifted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Roth Mkm upped their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Bank of America upped their price objective on Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $214.25.

Marsh & McLennan Companies 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.