Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by McAdam LLC

McAdam LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,744 shares of the financial services provider’s stock after acquiring an additional 113 shares during the period. McAdam LLC’s holdings in Marsh & McLennan Companies were worth $709,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MMC. PDS Planning Inc increased its holdings in shares of Marsh & McLennan Companies by 2.6% in the 3rd quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 57 shares during the period. Commonwealth Equity Services LLC grew its holdings in Marsh & McLennan Companies by 12.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 83,403 shares of the financial services provider’s stock worth $15,872,000 after buying an additional 9,209 shares in the last quarter. Atlas Private Wealth Management increased its position in Marsh & McLennan Companies by 7.5% in the 3rd quarter. Atlas Private Wealth Management now owns 3,871 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 270 shares during the period. Sweet Financial Partners LLC boosted its position in Marsh & McLennan Companies by 1.1% during the 3rd quarter. Sweet Financial Partners LLC now owns 8,534 shares of the financial services provider’s stock worth $1,624,000 after acquiring an additional 95 shares during the period. Finally, Toews Corp ADV bought a new position in shares of Marsh & McLennan Companies in the third quarter worth $761,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC opened at $198.48 on Tuesday. The stock has a market cap of $97.80 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 3.30 and a beta of 0.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The stock has a fifty day moving average price of $203.06 and a 200 day moving average price of $197.25.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the company earned $2.53 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MMC. TD Cowen upped their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Evercore ISI lifted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a report on Wednesday, April 17th. Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. Finally, Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $207.69.

Insider Transactions 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 transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 over the last three months. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies 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.