Gilbert & Cook Inc. Has $351,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Gilbert & Cook Inc. cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,854 shares of the financial services provider’s stock after selling 264 shares during the quarter. Gilbert & Cook Inc.’s holdings in Marsh & McLennan Companies were worth $351,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in Marsh & McLennan Companies by 3.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after buying an additional 56 shares in the last quarter. Drive Wealth Management LLC boosted its holdings in Marsh & McLennan Companies by 4.7% during the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Marsh & McLennan Companies by 1.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock valued at $911,000 after purchasing an additional 66 shares in the last quarter. Cigna Investments Inc. New boosted its holdings in Marsh & McLennan Companies by 1.2% during the fourth quarter. Cigna Investments Inc. New now owns 5,378 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 66 shares in the last quarter. Finally, Integrated Advisors Network LLC boosted its holdings in Marsh & McLennan Companies by 1.5% during the third quarter. Integrated Advisors Network LLC now owns 4,684 shares of the financial services provider’s stock valued at $891,000 after purchasing an additional 67 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research note on Wednesday, April 17th. TD Cowen lifted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $210.27.

Get Our Latest Stock Report on Marsh & McLennan Companies

Marsh & McLennan Companies Stock Performance

MMC stock opened at $207.58 on Monday. The company has a 50 day moving average price of $203.40 and a 200 day moving average price of $199.45. 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, Inc. has a fifty-two week low of $171.47 and a fifty-two week high of $211.53. The stock has a market capitalization of $102.28 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping 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 firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th were issued a $0.71 dividend. This represents a $2.84 annualized dividend 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 (DPR) is 36.04%.

Insider Activity

In other news, CEO Martine Ferland sold 9,128 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the transaction, the chief executive officer now owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the transaction, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at $2,012,065.77. The disclosure for this sale can be found here. Insiders sold 26,426 shares of company stock valued at $5,395,265 in the last quarter. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company 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.

Further Reading

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

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