Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,983 shares of the financial services provider’s stock after buying an additional 146 shares during the period. Benjamin Edwards Inc.’s holdings in Marsh & McLennan Companies were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Horizon Advisors Inc. increased its holdings in shares of Marsh & McLennan Companies by 13.7% in the fourth quarter. First Horizon Advisors Inc. now owns 515 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 62 shares during the period. Summit Financial LLC increased its stake in shares of Marsh & McLennan Companies by 0.8% during the fourth quarter. Summit Financial LLC now owns 7,365 shares of the financial services provider’s stock worth $1,396,000 after acquiring an additional 61 shares during the period. New York Life Investment Management LLC boosted its holdings in Marsh & McLennan Companies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 76,838 shares of the financial services provider’s stock valued at $14,558,000 after purchasing an additional 332 shares in the last quarter. Concord Wealth Partners raised its stake in shares of Marsh & McLennan Companies by 20.9% during the 4th quarter. Concord Wealth Partners now owns 6,142 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 1,062 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in Marsh & McLennan Companies by 69.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,119 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 457 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MMC shares. Evercore ISI upped their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. TD Cowen raised their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. UBS Group raised their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $207.69.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the stock in a transaction 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 transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $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 in the last quarter. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of NYSE MMC traded down $0.10 during midday trading on Friday, hitting $199.26. The stock had a trading volume of 1,039,890 shares, compared to its average volume of 1,926,955. The company has a fifty day moving average price of $202.93 and a 200 day moving average price of $197.34. The company has a market capitalization of $98.18 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 3.32 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The company has a quick ratio of 1.14, 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 (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. The firm 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced 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 is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

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.