Frazier Financial Advisors LLC Acquires Shares of 192 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Frazier Financial Advisors LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 192 shares of the financial services provider’s stock, valued at approximately $36,000.

Other hedge funds have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its position in Marsh & McLennan Companies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after acquiring an additional 830 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Marsh & McLennan Companies by 0.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock valued at $221,078,000 after acquiring an additional 10,161 shares in the last quarter. CENTRAL TRUST Co grew its stake in Marsh & McLennan Companies by 5.5% during the fourth quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 75 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $2,825,000. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

MMC has been the subject of several recent analyst reports. 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. Royal Bank of Canada upped their target price 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. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. 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 report on Wednesday, April 10th. Finally, Morgan Stanley boosted their price objective 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $210.27.

Marsh & McLennan Companies Stock Down 0.7 %

MMC traded down $1.55 during trading on Thursday, reaching $209.27. The stock had a trading volume of 302,078 shares, compared to its average volume of 1,644,855. The stock’s 50 day moving average is $203.44 and its two-hundred day moving average is $199.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $103.11 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.49 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $211.53.

Marsh & McLennan Companies (NYSE:MMC) last posted 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. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th were paid a $0.71 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.36%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Insider Transactions at Marsh & McLennan Companies

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 value of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at $2,737,993.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,920 shares of company stock valued at $7,903,935. Insiders own 0.30% of the company’s stock.

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.