Angeles Wealth Management LLC makes a new $321,000 investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Angeles Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) during the 2nd quarter, according to the company in its most recent SEC disclosure. The fund bought 1,521 shares of the financial services provider’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have recently added to or reduced their stakes in MMC. Indiana Trust & Investment Management CO purchased a new stake in Marsh & McLennan Companies in the 1st quarter worth $25,000. Private Wealth Management Group LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in shares of Marsh & McLennan Companies in the first quarter valued at about $27,000. Sachetta LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $29,000. Finally, Clear Investment Research LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 87.99% of the company’s shares.

Analyst upgrades and downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on shares of 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 assumed coverage on shares of 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. Roth Mkm upped their target price on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Bank of America boosted their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the company a “neutral” rating in a research report on Wednesday, the 22nd May. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $215.53, based on data from MarketBeat.

Read our latest review of MMC

Insider work at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the transaction, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other news, CFO Mark C. Mcgivney sold 5,200 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $477,180.00. Following the completion of the sale, the senior vice president now directly owns 11,861 shares of the company’s stock, valued at $2,609,420. The disclosure for this sale can be found here. Insiders have sold 21,735 shares of company stock worth $4,897,317 over the last three months. 0.30% of shares are owned by corporate insiders.

Marsh & McLennan stocks fell 1.2%

Shares of MMC stock opened at $229.08 on Thursday. The company’s 50-day moving average price is $221.51 and its 200-day moving average price is $211.16. 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. it has a fifty-two week low of $184.02 and a fifty-two week high of $232.32. The firm has a market cap of $112.87 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 3.18 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC – Get Your Free Report ) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. In the same period last year, the firm earned $2.20 per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.74 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividends

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 15th were given a $0.815 dividend. This represents a dividend of $3.26 on an annualized basis and a yield of 1.42%. This is an increase from Marsh & McLennan Companies’ previous quarterly dividend of $0.71. The ex-dividend date was Thursday, July 25. Marsh & McLennan Companies’ dividend payout ratio is 41.37%.

About Marsh & McLennan Companies

(Free Report)

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions to clients in the areas of risk, strategy and people worldwide. It operates through the risk and insurance services and consulting segments. The Risk and Insurance Services segment provides risk management services such as risk advisory, risk transfer and risk control and mitigation solutions, as well as insurance and reinsurance brokerage, strategic advisory services and analytics solutions, as well as insurance program management services.

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