Federated Hermes Inc. Purchases 61 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Federated Hermes Inc. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,386 shares of the financial services provider’s stock after purchasing an additional 61 shares during the quarter. Federated Hermes Inc.’s holdings in Marsh & McLennan Companies were worth $5,378,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in shares of Marsh & McLennan Companies by 30,896.9% in the third quarter. Exchange Traded Concepts LLC now owns 9,919 shares of the financial services provider’s stock worth $1,888,000 after buying an additional 9,887 shares during the period. CX Institutional increased its stake in Marsh & McLennan Companies by 24.2% in the third quarter. CX Institutional now owns 19,761 shares of the financial services provider’s stock worth $3,760,000 after purchasing an additional 3,855 shares during the period. UMB Bank n.a. boosted its stake in shares of Marsh & McLennan Companies by 5.9% during the third quarter. UMB Bank n.a. now owns 1,365 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 76 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Marsh & McLennan Companies by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 208,969 shares of the financial services provider’s stock worth $39,767,000 after purchasing an additional 589 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC increased its stake in Marsh & McLennan Companies by 0.6% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 438,202 shares of the financial services provider’s stock worth $83,390,000 after buying an additional 2,603 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MMC shares. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Evercore ISI raised their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group upped their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Piper Sandler cut 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 report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $207.69.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Up 0.3 %

Marsh & McLennan Companies stock opened at $201.47 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The business has a fifty day moving average price of $203.14 and a 200-day moving average price of $197.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $99.27 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.35 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $2.53 earnings per share. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

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.