Apollon Wealth Management LLC Has $11.14 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Apollon Wealth Management LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,787 shares of the financial services provider’s stock after buying an additional 1,923 shares during the period. Apollon Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $11,138,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MMC. Westover Capital Advisors LLC boosted its holdings in Marsh & McLennan Companies by 3.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 53 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 56 shares in the last quarter. Drive Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 4.7% in the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 61 shares in the last quarter. Summit Financial LLC boosted its holdings in Marsh & McLennan Companies by 0.8% in the fourth quarter. Summit Financial LLC now owns 7,365 shares of the financial services provider’s stock valued at $1,396,000 after acquiring an additional 61 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Marsh & McLennan Companies by 13.7% in the fourth quarter. First Horizon Advisors Inc. now owns 515 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 in the last 90 days. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock traded up $2.22 during midday trading on Tuesday, hitting $203.74. The company’s stock had a trading volume of 1,000,323 shares, compared to its average volume of 1,723,838. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $100.39 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a 50 day moving average of $202.80 and a two-hundred day moving average of $197.56.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.53 EPS. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MMC shares. TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their target price for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research report on Wednesday, April 17th. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Company Profile

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.