Axxcess Wealth Management LLC Has $3.13 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Axxcess Wealth Management LLC decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,308 shares of the financial services provider’s stock after selling 1,448 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $3,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $25,000. Knuff & Co LLC bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $28,000. Activest Wealth Management lifted its holdings in shares of Marsh & McLennan Companies by 2,775.0% in the 1st quarter. Activest Wealth Management now owns 115 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Marsh & McLennan Companies by 61.0% in the 1st quarter. Capital Analysts LLC now owns 169 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 64 shares in the last quarter. Finally, Garde Capital Inc. bought a new position in shares of Marsh & McLennan Companies in the 1st quarter worth $42,000. 87.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $18,031,597.65. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MMC shares. Wells Fargo & Company cut their target price on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, July 21st. Morgan Stanley lowered their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. JPMorgan Chase & Co. raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $248.00 to $242.00 in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Marsh & McLennan Companies in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $237.13.

Marsh & McLennan Companies Trading Up 0.8%

Shares of Marsh & McLennan Companies stock opened at $207.01 on Wednesday. Marsh & McLennan Companies, Inc. has a 1 year low of $195.01 and a 1 year high of $248.00. The firm has a market cap of $101.77 billion, a PE ratio of 24.82, a P/E/G ratio of 2.59 and a beta of 0.81. The stock has a fifty day moving average price of $203.54 and a 200-day moving average price of $215.05. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.20 and a quick ratio of 1.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period last year, the firm posted $2.41 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 annualized dividend and a dividend yield of 1.7%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

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.