Burling Wealth Partners LLC Has $4.76 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Burling Wealth Partners LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,786 shares of the financial services provider’s stock after purchasing an additional 1,086 shares during the period. Burling Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $4,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Marsh & McLennan Companies by 85.4% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 21,698 shares of the financial services provider’s stock valued at $4,743,000 after buying an additional 9,997 shares during the last quarter. Hibernia Wealth Partners LLC purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at approximately $270,000. Clearstead Trust LLC lifted its holdings in Marsh & McLennan Companies by 65.6% during the 2nd quarter. Clearstead Trust LLC now owns 795 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 315 shares in the last quarter. Credit Capital Investments LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $284,000. Finally, WASHINGTON TRUST Co grew its position in shares of Marsh & McLennan Companies by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 101,085 shares of the financial services provider’s stock valued at $22,101,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and cut their price target for the stock from $209.00 to $191.00 in a research note on Friday, October 17th. UBS Group dropped their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on shares of Marsh & McLennan Companies in a report on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price objective for the company. Evercore ISI dropped their price target on Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Finally, TD Cowen decreased their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $228.63.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $183.73 on Friday. The company’s 50-day moving average is $193.57 and its 200 day moving average is $208.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $90.01 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the business posted $1.63 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

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.