Apollon Wealth Management LLC Purchases 1,573 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Apollon Wealth Management LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,843 shares of the financial services provider’s stock after purchasing an additional 1,573 shares during the period. Apollon Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $13,561,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC raised its holdings in Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 45 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after buying an additional 47 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after buying an additional 52 shares during the period. BSW Wealth Partners lifted its holdings in shares of Marsh & McLennan Companies by 5.1% during the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 53 shares during the period. Finally, CENTRAL TRUST Co boosted its position in shares of Marsh & McLennan Companies by 3.5% during the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.6 %

Shares of NYSE MMC opened at $227.45 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The firm has a 50-day moving average of $216.93 and a 200 day moving average of $221.52. Marsh & McLennan Companies, Inc. has a 1 year low of $194.50 and a 1 year high of $235.50. The stock has a market cap of $111.71 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MMC shares. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday. Wells Fargo & Company boosted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. UBS Group raised their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $230.44.

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.