Mayflower Financial Advisors LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mayflower Financial Advisors LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,541 shares of the financial services provider’s stock, valued at approximately $292,000.

A number of other hedge funds also recently added to or reduced their stakes in MMC. Altshuler Shaham Ltd acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $28,000. Headinvest LLC acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $28,000. BKM Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $31,000. Finally, RVW Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $32,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Down 1.0 %

Shares of Marsh & McLennan Companies stock opened at $203.88 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $165.86 and a 1 year high of $209.20. The company has a market capitalization of $100.24 billion, a P/E ratio of 27.08, a PEG ratio of 2.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The company’s fifty day moving average is $200.93 and its two-hundred day moving average is $196.17.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its earnings results on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The company had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter last year, the business earned $1.47 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 37.72%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price objective for the company from $215.00 to $185.00 in a report on Monday, January 8th. Royal Bank of Canada increased their target price on shares of 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. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 30th. TD Cowen initiated coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 target price on the stock. Finally, StockNews.com downgraded shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $202.71.

Get Our Latest Research Report on Marsh & McLennan Companies

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the sale, the senior vice president now owns 14,199 shares in the company, valued at $2,868,198. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last quarter, insiders sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Profile

(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.

See Also

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

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