Legacy Capital Wealth Partners LLC Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Legacy Capital Wealth Partners LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,992 shares of the financial services provider’s stock after selling 524 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of Marsh & McLennan Companies by 3.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after buying an additional 56 shares during the last quarter. PDS Planning Inc increased its position in shares of Marsh & McLennan Companies by 2.6% during the 3rd quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 57 shares during the last quarter. Drive Wealth Management LLC lifted its stake in shares of Marsh & McLennan Companies by 4.7% in the 4th quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 61 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock worth $911,000 after buying an additional 66 shares during the last quarter. Finally, Cigna Investments Inc. New increased its holdings in Marsh & McLennan Companies by 1.2% during the fourth quarter. Cigna Investments Inc. New now owns 5,378 shares of the financial services provider’s stock valued at $1,019,000 after buying an additional 66 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7 %

Shares of Marsh & McLennan Companies stock opened at $197.95 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market cap of $97.53 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 3.30 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The business has a 50-day moving average price of $203.10 and a 200-day moving average price of $197.19.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a $0.71 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 36.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada raised their price objective on 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. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their price target for the company from $215.00 to $185.00 in a report on Monday, January 8th. Finally, Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $207.69.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.35% of the stock is currently owned by corporate insiders.

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.