Evoke Wealth LLC Grows Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Evoke Wealth LLC lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,258 shares of the financial services provider’s stock after purchasing an additional 53 shares during the quarter. Evoke Wealth LLC’s holdings in Marsh & McLennan Companies were worth $238,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MMC. Valley National Advisers Inc. raised its position in Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $27,000. Headinvest LLC acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $28,000. Finally, Cordant Inc. acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, 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 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 link. In related news, 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 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 link. Also, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the sale, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. Insiders have sold a total of 15,129 shares of company stock worth $3,116,648 in the last three months. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 0.5 %

Shares of NYSE:MMC opened at $206.51 on Tuesday. The stock’s 50-day moving average price is $203.47 and its two-hundred day moving average price is $199.50. The firm has a market cap of $101.75 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.95 and a beta of 0.93. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12-month low of $174.26 and a 12-month high of $211.53.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings data 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. The company had revenue of $6.50 billion for 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 period last year, the business posted $2.53 EPS. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th were issued a $0.71 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Analysts Set New Price Targets

Several research firms have weighed in on MMC. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Evercore ISI upped their target price 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 lowered 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. Morgan Stanley increased their price objective on 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, Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $210.27.

Read Our Latest Stock Analysis on Marsh & McLennan Companies

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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