Drucker Wealth 3.0 LLC Buys 414 Shares of Marsh & McLennan Companies, Inc. $MMC

Drucker Wealth 3.0 LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 44.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,348 shares of the financial services provider’s stock after purchasing an additional 414 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Marsh & McLennan Companies were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMC. Brighton Jones LLC grew its position in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC grew its position in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after buying an additional 869 shares in the last quarter. GAMMA Investing LLC grew its position in Marsh & McLennan Companies by 32.0% during the first quarter. GAMMA Investing LLC now owns 6,211 shares of the financial services provider’s stock worth $1,516,000 after buying an additional 1,507 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new position in Marsh & McLennan Companies during the first quarter worth about $285,000. Finally, Stanley Laman Group Ltd. purchased a new position in Marsh & McLennan Companies during the first quarter worth about $298,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MMC shares. Morgan Stanley reduced their target price 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. Wolfe Research initiated coverage on Marsh & McLennan Companies in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Marsh & McLennan Companies in a report on Wednesday. Barclays cut their price objective on Marsh & McLennan Companies from $233.00 to $221.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $226.00 to $222.00 and set an “equal weight” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $237.13.

Marsh & McLennan Companies Trading Up 0.5%

Shares of MMC stock opened at $207.12 on Friday. The stock has a market capitalization of $101.83 billion, a PE ratio of 24.83, a P/E/G ratio of 2.61 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1-year low of $195.01 and a 1-year high of $248.00. The business has a 50-day moving average of $203.29 and a 200 day moving average of $215.57. 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 issued its earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Marsh & McLennan Companies had a return on equity of 31.90% and a net margin of 16.00%.Marsh & McLennan Companies’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.41 EPS. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is owned by corporate insiders.

About Marsh & McLennan Companies

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.