Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Commerce Bank

Commerce Bank increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,461 shares of the financial services provider’s stock after acquiring an additional 169 shares during the quarter. Commerce Bank’s holdings in Marsh & McLennan Companies were worth $4,824,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Westover Capital Advisors LLC increased its stake in Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after buying an additional 53 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in 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 valued at $343,000 after buying an additional 56 shares during the period. Baader Bank Aktiengesellschaft increased its stake in Marsh & McLennan Companies by 1.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock valued at $590,000 after buying an additional 56 shares during the period. InterOcean Capital Group LLC increased its stake in Marsh & McLennan Companies by 2.3% in the 4th quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock valued at $465,000 after buying an additional 56 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in Marsh & McLennan Companies by 1.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,594 shares of the financial services provider’s stock valued at $681,000 after buying an additional 58 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on MMC. Royal Bank of Canada boosted their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Evercore ISI boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Piper Sandler lowered shares of 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $210.27.

Insider Activity

In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were 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 owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 13,030 shares in the company, valued at approximately $2,737,993.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 38,920 shares of company stock valued at $7,903,935 in the last 90 days. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $207.89 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $211.53. The company’s 50-day moving average is $203.48 and its two-hundred day moving average is $199.19. 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 firm has a market cap of $102.43 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company 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 posted $2.53 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders 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 dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

About Marsh & McLennan Companies

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.