Mills Wealth Advisors LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mills Wealth Advisors LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 905 shares of the financial services provider’s stock, valued at approximately $202,000.

Other institutional investors have also bought and sold shares of the company. Suncoast Equity Management raised its position in shares of Marsh & McLennan Companies by 33.9% during the 3rd quarter. Suncoast Equity Management now owns 18,775 shares of the financial services provider’s stock valued at $4,189,000 after buying an additional 4,755 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Marsh & McLennan Companies by 1.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 147,708 shares of the financial services provider’s stock valued at $32,952,000 after buying an additional 2,068 shares during the period. Buckley Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 4.2% during the 3rd quarter. Buckley Wealth Management LLC now owns 3,401 shares of the financial services provider’s stock valued at $759,000 after buying an additional 138 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Marsh & McLennan Companies by 2.7% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 24,124 shares of the financial services provider’s stock valued at $5,382,000 after buying an additional 626 shares during the period. Finally, Cedrus LLC raised its position in shares of Marsh & McLennan Companies by 5.5% during the 3rd quarter. Cedrus LLC now owns 1,052 shares of the financial services provider’s stock valued at $235,000 after buying an additional 55 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $225.03, for a total value of $1,170,156.00. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy Mills sold 4,101 shares of the business’s 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 of the company’s stock, valued at approximately $659,925.71. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,566 shares of company stock worth $4,420,137. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the company a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Barclays began coverage on Marsh & McLennan Companies in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $236.00 target price on the stock. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Finally, Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $221.93.

Marsh & McLennan Companies Stock Down 1.6 %

Shares of NYSE:MMC traded down $3.52 during trading on Monday, hitting $221.14. The company’s stock had a trading volume of 326,603 shares, compared to its average volume of 1,664,645. The business has a 50 day moving average price of $225.28 and a two-hundred day moving average price of $215.07. The company has a market capitalization of $108.96 billion, a PE ratio of 28.51, a P/E/G ratio of 3.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC) last issued 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. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 earnings per share. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.47%. Marsh & McLennan Companies’s payout ratio is currently 41.37%.

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.