Skopos Labs Inc. Invests $623,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Skopos Labs Inc. acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,288 shares of the financial services provider’s stock, valued at approximately $623,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Treasurer of the State of North Carolina raised its stake in shares of Marsh & McLennan Companies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after purchasing an additional 830 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Marsh & McLennan Companies by 0.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after purchasing an additional 10,161 shares in the last quarter. CENTRAL TRUST Co lifted its stake in Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 75 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $2,825,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MMC has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Morgan Stanley lifted their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. UBS Group upped their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Bank of America upped their target price on shares of Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $210.27.

Get Our Latest Stock Analysis on MMC

Marsh & McLennan Companies Trading Down 0.0 %

Shares of NYSE MMC traded down $0.10 during mid-day trading on Friday, hitting $207.89. The stock had a trading volume of 920,165 shares, compared to its average volume of 1,646,362. The firm has a market cap of $102.43 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day moving average price of $203.44 and a two-hundred day moving average price of $199.07. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $211.53.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.72 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 4th were issued a dividend of $0.71 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. Insiders sold 38,920 shares of company stock valued at $7,903,935 over the last quarter. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Company Profile

(Free Report)

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.

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

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