CreativeOne Wealth LLC Increases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

CreativeOne Wealth LLC boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,266 shares of the financial services provider’s stock after acquiring an additional 1,123 shares during the quarter. CreativeOne Wealth LLC’s holdings in Marsh & McLennan Companies were worth $3,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MMC. B. Riley Wealth Advisors Inc. raised its position in Marsh & McLennan Companies by 22.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,201 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 591 shares in the last quarter. Tidal Investments LLC raised its position in Marsh & McLennan Companies by 38.2% during the first quarter. Tidal Investments LLC now owns 23,307 shares of the financial services provider’s stock valued at $4,800,000 after acquiring an additional 6,443 shares in the last quarter. Strategic Wealth Partners Ltd. raised its position in Marsh & McLennan Companies by 7.2% during the first quarter. Strategic Wealth Partners Ltd. now owns 1,686 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 113 shares in the last quarter. Swedbank AB acquired a new stake in Marsh & McLennan Companies in the first quarter valued at approximately $57,851,000. Finally, Atria Investments Inc grew its holdings in Marsh & McLennan Companies by 6.3% in the first quarter. Atria Investments Inc now owns 65,901 shares of the financial services provider’s stock valued at $13,574,000 after purchasing an additional 3,887 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $233.23 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.28 and a fifty-two week high of $235.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $114.54 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. The stock’s fifty day moving average is $223.89 and its two-hundred day moving average is $219.40.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 4th were given a $0.815 dividend. The ex-dividend date was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Analyst Ratings Changes

MMC has been the topic of several research analyst reports. Roth Mkm raised their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Bank of America raised their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group raised their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday. Finally, BMO Capital Markets lifted their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $227.60.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

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.