Procyon Advisors LLC Raises Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Procyon Advisors LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 4,026 shares of the financial services provider’s stock after buying an additional 101 shares during the quarter. Procyon Advisors LLC’s holdings in Marsh & McLennan Companies were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MMC. Altshuler Shaham Ltd acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $28,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $28,000. BKM Wealth Management LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $31,000. Finally, RVW Wealth LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $32,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on MMC shares. TD Cowen started coverage on Marsh & McLennan Companies in a report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 target price for the company. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. StockNews.com cut Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their price target for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $202.71.

Marsh & McLennan Companies Trading Up 0.4 %

NYSE:MMC traded up $0.92 on Thursday, hitting $206.53. 72,717 shares of the stock were exchanged, compared to its average volume of 1,661,684. The stock has a market cap of $101.54 billion, a PE ratio of 27.31, a PEG ratio of 2.48 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average of $200.46 and a 200-day moving average of $195.97. Marsh & McLennan Companies, Inc. has a fifty-two week low of $163.37 and a fifty-two week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter last year, the firm earned $1.47 EPS. Marsh & McLennan Companies’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 37.72%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO John Jude Jones sold 1,505 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $203.67, for a total value of $306,523.35. Following the completion of the transaction, the chief marketing officer now owns 7,978 shares in the company, valued at $1,624,879.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,751 shares of company stock valued at $7,448,163. Insiders own 0.30% of the company’s stock.

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 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.