Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,799 shares of the financial services provider’s stock after acquiring an additional 106 shares during the period. Global Retirement Partners LLC’s holdings in Marsh & McLennan Companies were worth $939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MMC. Altshuler Shaham Ltd acquired a new position in Marsh & McLennan Companies in the third quarter worth approximately $27,000. OFI Invest Asset Management acquired a new stake in shares of Marsh & McLennan Companies during the third quarter worth $28,000. Headinvest LLC purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth about $28,000. BKM Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $31,000. Finally, RVW Wealth LLC acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth about $32,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MMC. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research note on Tuesday, January 30th. Royal Bank of Canada upped their price target on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. StockNews.com lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, TD Cowen started coverage on Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $202.71.

Read Our Latest Analysis on MMC

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $205.98 on Monday. The company has a market cap of $101.27 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.51 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1 year low of $163.37 and a 1 year high of $209.20. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $200.93 and a 200 day simple moving average of $196.17.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the business posted $1.47 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.56 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 37.72%.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction dated 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 sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following 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 36,751 shares of company stock valued at $7,448,163 in the last ninety days. Company insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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