Moreno Evelyn V Invests $2.23 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moreno Evelyn V bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 11,745 shares of the financial services provider’s stock, valued at approximately $2,225,000.

Several other institutional investors and hedge funds have also bought and sold shares of MMC. Rosenbaum Jay D. bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $499,000. Frazier Financial Advisors LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth about $36,000. King Luther Capital Management Corp grew its stake in Marsh & McLennan Companies by 127.6% during the fourth quarter. King Luther Capital Management Corp now owns 13,984 shares of the financial services provider’s stock valued at $2,650,000 after acquiring an additional 7,840 shares in the last quarter. InterOcean Capital Group LLC grew its stake in Marsh & McLennan Companies by 2.3% during the fourth quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 56 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Marsh & McLennan Companies by 2.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,212 shares of the financial services provider’s stock valued at $798,000 after acquiring an additional 114 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 0.9 %

Shares of Marsh & McLennan Companies stock traded down $1.92 during trading on Thursday, hitting $208.90. The company’s stock had a trading volume of 381,631 shares, compared to its average volume of 1,645,631. 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 company has a fifty day simple moving average of $203.44 and a two-hundred day simple moving average of $199.00. The company has a market capitalization of $102.93 billion, a PE ratio of 26.75, a P/E/G ratio of 3.49 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week 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. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.53 earnings per share. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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

Analyst Ratings Changes

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. Evercore ISI boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley upped their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods upped their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $210.27.

Insider Activity

In other news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction on Friday, March 8th. The stock was 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 owns 20,935 shares in the company, valued at approximately $4,291,675. The disclosure for this sale can be found here. Insiders have sold a total of 38,920 shares of company stock worth $7,903,935 over the last quarter. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies 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.