Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by abrdn plc

abrdn plc increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,918 shares of the financial services provider’s stock after purchasing an additional 98,079 shares during the period. abrdn plc owned 0.13% of Marsh & McLennan Companies worth $122,003,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. Moneta Group Investment Advisors LLC raised its holdings in Marsh & McLennan Companies by 105,777.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock worth $1,617,156,000 after purchasing an additional 9,763,286 shares in the last quarter. Norges Bank bought a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $659,049,000. Morgan Stanley raised its holdings in Marsh & McLennan Companies by 49.2% during the fourth quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock worth $1,041,503,000 after purchasing an additional 2,075,928 shares in the last quarter. Capital Research Global Investors raised its holdings in Marsh & McLennan Companies by 331.5% during the first quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock worth $311,962,000 after purchasing an additional 1,406,293 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $261,787,000. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other 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 value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Stacy Mills sold 1,461 shares of the business’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 transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.3 %

Shares of NYSE:MMC traded up $0.68 on Friday, reaching $202.41. The company had a trading volume of 2,460,976 shares, compared to its average volume of 1,728,628. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The stock has a 50-day moving average price of $202.86 and a 200 day moving average price of $196.82. The stock has a market capitalization of $99.90 billion, a P/E ratio of 25.69, a P/E/G ratio of 3.65 and a beta of 0.90. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.6 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed 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. 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 1.40%. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

Wall Street Analyst Weigh In

MMC has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. Evercore ISI raised their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday. Finally, TD Cowen began coverage on Marsh & McLennan Companies in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 target price for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $204.87.

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.