Meridian Wealth Management LLC Purchases Shares of 938 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Meridian Wealth Management LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 938 shares of the financial services provider’s stock, valued at approximately $209,000.

Other large investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Marsh & McLennan Companies by 22.6% in 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 buying an additional 591 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Marsh & McLennan Companies by 38.2% in the first quarter. Tidal Investments LLC now owns 23,307 shares of the financial services provider’s stock worth $4,800,000 after acquiring an additional 6,443 shares during the last quarter. Beacon Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 22.1% during the first quarter. Beacon Capital Management LLC now owns 398 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 72 shares in the last quarter. Plato Investment Management Ltd increased its holdings in shares of Marsh & McLennan Companies by 827.5% in the first quarter. Plato Investment Management Ltd now owns 16,166 shares of the financial services provider’s stock valued at $3,330,000 after purchasing an additional 14,423 shares in the last quarter. Finally, New Covenant Trust Company N.A. bought a new position in Marsh & McLennan Companies in the 1st quarter worth approximately $187,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $230.71 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $184.28 and a 12 month high of $232.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $113.31 billion, a PE ratio of 28.41, a PEG ratio of 3.39 and a beta of 0.94. The stock’s fifty day simple moving average is $223.66 and its 200 day simple moving average is $219.11.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 4th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Analysts Set New Price Targets

Several research firms have recently commented on MMC. BMO Capital Markets lifted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm boosted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an “underperform” rating in a research note on Tuesday, October 22nd. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada lifted their target price on shares of Marsh & McLennan Companies from $232.00 to $242.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $227.60.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this link. 0.35% of the stock is currently owned by insiders.

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.