Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,533 shares of the financial services provider’s stock after buying an additional 410 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Marsh & McLennan Companies were worth $7,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its position in shares of Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 103 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at $27,000. Headinvest LLC bought a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $28,000. Cordant Inc. bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $28,000. Finally, OFI Invest Asset Management acquired a new position in Marsh & McLennan Companies in the third quarter valued at approximately $28,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Trading Up 1.1 %

MMC stock traded up $2.25 during trading on Monday, hitting $201.52. 1,254,302 shares of the company traded hands, compared to its average volume of 1,731,436. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The company has a 50-day moving average of $202.80 and a 200-day moving average of $197.56. The firm has a market capitalization of $99.29 billion, a PE ratio of 25.57, a P/E/G ratio of 3.31 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the company earned $2.53 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th. UBS Group increased their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. TD Cowen increased their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Royal Bank of Canada upped their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company boosted 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 report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $207.69.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was 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 in the company, valued at approximately $4,291,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction 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 $4,291,675. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 36,751 shares of company stock worth $7,448,163. Corporate insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.