Axxcess Wealth Management LLC Has $4.58 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Axxcess Wealth Management LLC lessened its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,541 shares of the financial services provider’s stock after selling 201 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $4,576,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its stake in Marsh & McLennan Companies by 2.3% in the third quarter. Oppenheimer & Co. Inc. now owns 5,526 shares of the financial services provider’s stock valued at $1,233,000 after acquiring an additional 122 shares during the period. Empowered Funds LLC lifted its holdings in shares of Marsh & McLennan Companies by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 13,937 shares of the financial services provider’s stock worth $3,109,000 after purchasing an additional 717 shares in the last quarter. Claro Advisors LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $292,000. Drive Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 4.3% during the third quarter. Drive Wealth Management LLC now owns 1,441 shares of the financial services provider’s stock worth $321,000 after buying an additional 59 shares during the last quarter. Finally, OneAscent Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at $252,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock worth $13,350,279 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MMC. Raymond James reissued an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Down 0.4 %

Shares of MMC stock opened at $232.01 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $113.95 billion, a P/E ratio of 28.33, a PEG ratio of 2.70 and a beta of 0.95. The company has a 50 day moving average of $225.78 and a 200-day moving average of $223.66. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Marsh & McLennan Companies Company 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.