Angeles Wealth Management LLC Makes 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) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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 also recently added to or reduced their stakes in MMC. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies during the 1st quarter worth $25,000. Private Wealth Management Group LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies during the 1st quarter valued at about $27,000. Sachetta LLC acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $29,000. Finally, Clear Investment Research LLC acquired 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 stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price target 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. upped 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 upped 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, May 22nd. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $215.53.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the company’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 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 through 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 sold 21,735 shares of company stock valued at $4,897,317 over the last three months. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Down 1.2 %

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. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32. The firm has a market capitalization 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) last released its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping 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. During the same period in the prior year, the firm earned $2.20 earnings per share. The business’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 Dividend

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

About Marsh & McLennan Companies

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.