Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,418 shares of the financial services provider’s stock after selling 23,630 shares during the period. Victory Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $35,510,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in Marsh & McLennan Companies by 16.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,534 shares of the financial services provider’s stock worth $2,005,000 after purchasing an additional 1,522 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Marsh & McLennan Companies by 9.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 61,152 shares of the financial services provider’s stock valued at $11,637,000 after buying an additional 5,164 shares during the period. Stratos Wealth Partners LTD. raised its stake in Marsh & McLennan Companies by 27.5% during the third quarter. Stratos Wealth Partners LTD. now owns 3,943 shares of the financial services provider’s stock worth $750,000 after acquiring an additional 850 shares during the period. Lindbrook Capital LLC lifted its holdings in Marsh & McLennan Companies by 7.2% in the third quarter. Lindbrook Capital LLC now owns 1,270 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 85 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in shares of Marsh & McLennan Companies by 6.4% during the third quarter. Waldron Private Wealth LLC now owns 3,237 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 195 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Up 1.1 %

NYSE MMC opened at $201.52 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a market capitalization of $99.29 billion, a P/E ratio of 25.57, a PEG ratio of 3.31 and a beta of 0.90. The company’s 50 day simple moving average is $202.80 and its 200 day simple moving average is $197.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last announced 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. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on 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 directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business’s 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 transaction, 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 sold a total of 36,751 shares of company stock worth $7,448,163 over the last ninety days. 0.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MMC shares. UBS Group boosted their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada boosted their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their target price 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, Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Company 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.