Calamos Wealth Management LLC Has $803,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Wealth Management LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 7,209 shares of the financial services provider’s stock after acquiring an additional 226 shares during the quarter. Calamos Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $803,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CSat Investment Advisory L.P. grew its position in shares of Marsh & McLennan Companies by 1,122.5% in the second quarter. CSat Investment Advisory L.P. now owns 868 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 797 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $19,560,000. Daiwa Securities Group Inc. grew its position in shares of Marsh & McLennan Companies by 9.0% in the third quarter. Daiwa Securities Group Inc. now owns 21,499 shares of the financial services provider’s stock valued at $2,151,000 after purchasing an additional 1,777 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Marsh & McLennan Companies by 6.4% in the second quarter. Private Advisor Group LLC now owns 40,847 shares of the financial services provider’s stock valued at $4,075,000 after purchasing an additional 2,443 shares during the last quarter. Finally, Evoke Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $155,000. 87.14% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on MMC shares. Wells Fargo & Co reiterated a “hold” rating and issued a $95.00 target price on shares of Marsh & McLennan Companies in a research note on Tuesday, October 29th. Raymond James upgraded shares of Marsh & McLennan Companies from an “underperform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $102.56.

NYSE MMC opened at $112.21 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50-day simple moving average of $110.56 and a 200 day simple moving average of $103.03. Marsh & McLennan Companies, Inc. has a twelve month low of $80.88 and a twelve month high of $113.94. The stock has a market cap of $56.28 billion, a PE ratio of 25.80, a PEG ratio of 1.79 and a beta of 0.76.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Tuesday, October 29th. The financial services provider reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Marsh & McLennan Companies had a net margin of 9.34% and a return on equity of 29.40%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 4.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.62%. Marsh & McLennan Companies’s payout ratio is presently 41.84%.

Marsh & McLennan Companies declared that its Board of Directors has approved a share repurchase program on Thursday, November 21st that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other Marsh & McLennan Companies news, SVP Laurie Ledford sold 4,305 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $108.18, for a total transaction of $465,714.90. 1.16% of the stock is currently owned by company 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 in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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