Interval Partners LP Has $11.14 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Interval Partners LP lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 50.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,075 shares of the financial services provider’s stock after purchasing an additional 18,175 shares during the quarter. Interval Partners LP’s holdings in Marsh & McLennan Companies were worth $11,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Indiana Trust & Investment Management CO bought a new position in Marsh & McLennan Companies in the first quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the 1st quarter valued at $27,000. Valley National Advisers Inc. increased its holdings in Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $26,000. Finally, Cordant Inc. bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Insiders sold 10,338 shares of company stock worth $2,187,012 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent research reports. 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 research report on Wednesday, April 17th. TD Cowen raised their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Evercore ISI raised their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Morgan Stanley increased 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $214.25.

Marsh & McLennan Companies Stock Performance

MMC traded up $2.78 on Tuesday, reaching $222.42. The company had a trading volume of 1,122,630 shares, compared to its average volume of 1,688,710. The stock has a market cap of $109.38 billion, a P/E ratio of 27.87, a P/E/G ratio of 3.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $223.20. The company’s fifty day moving average is $212.38 and its 200 day moving average is $205.14.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the company earned $2.20 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 8.72 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be paid a $0.815 dividend. The ex-dividend date is Thursday, July 25th. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. This represents a $3.26 annualized dividend and a dividend yield of 1.47%. Marsh & McLennan Companies’s dividend payout ratio is 41.37%.

Marsh & McLennan Companies Company 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.