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

Drive Wealth Management LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,361 shares of the financial services provider’s stock after buying an additional 61 shares during the period. Drive Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $258,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Ignite Planners LLC increased its holdings in shares of Marsh & McLennan Companies by 4.3% during the third quarter. Ignite Planners LLC now owns 1,267 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 52 shares during the period. Fortis Capital Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 4.7% during the second quarter. Fortis Capital Advisors LLC now owns 1,188 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 53 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Marsh & McLennan Companies by 3.2% during 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 purchasing an additional 56 shares during the period. PDS Planning Inc boosted its stake in Marsh & McLennan Companies by 2.6% during the third quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock valued at $421,000 after buying an additional 57 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in Marsh & McLennan Companies by 34.2% during the third quarter. Quent Capital LLC now owns 247 shares of the financial services provider’s stock valued at $47,000 after buying an additional 63 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of Marsh & McLennan Companies stock opened at $203.08 on Wednesday. The stock has a 50-day moving average price of $201.04 and a 200 day moving average price of $196.20. The company has a market cap of $100.23 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.49 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. Marsh & McLennan Companies, Inc. has a 1 year low of $165.86 and a 1 year high of $209.20.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 37.72%.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on Marsh & McLennan Companies

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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