Aaron Wealth Advisors LLC Acquires 124 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aaron Wealth Advisors LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,049 shares of the financial services provider’s stock after purchasing an additional 124 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Moss Adams Wealth Advisors LLC raised its position in Marsh & McLennan Companies by 10.1% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,153 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 106 shares during the period. IAM Advisory LLC raised its holdings in Marsh & McLennan Companies by 2.2% during the 4th quarter. IAM Advisory LLC now owns 8,242 shares of the financial services provider’s stock valued at $1,751,000 after buying an additional 174 shares during the period. Ameritas Advisory Services LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter worth $301,000. HB Wealth Management LLC increased its position in Marsh & McLennan Companies by 11.0% during the fourth quarter. HB Wealth Management LLC now owns 14,027 shares of the financial services provider’s stock valued at $2,980,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Trust Co. of Vermont lifted its holdings in shares of Marsh & McLennan Companies by 188.8% in the 4th quarter. Trust Co. of Vermont now owns 1,262 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 825 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.5 %

Shares of NYSE:MMC opened at $215.23 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $105.71 billion, a PE ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $188.31 and a 12-month high of $235.50. The business’s fifty day simple moving average is $218.62 and its 200-day simple moving average is $221.15.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the company posted $1.57 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MMC. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.60.

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.