Captrust Financial Advisors purchased a new stake in Marsh & McLennan Companies (NYSE:MMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,484 shares of the financial services provider’s stock, valued at approximately $202,000.
Several other large investors have also added to or reduced their stakes in MMC. Harrington Investments INC grew its position in shares of Marsh & McLennan Companies by 1.8% in the 4th quarter. Harrington Investments INC now owns 32,886 shares of the financial services provider’s stock worth $2,677,000 after buying an additional 589 shares during the last quarter. Private Advisor Group LLC raised its stake in Marsh & McLennan Companies by 2.3% during the third quarter. Private Advisor Group LLC now owns 27,614 shares of the financial services provider’s stock valued at $2,302,000 after buying an additional 609 shares during the last quarter. Advisor Group Inc. raised its stake in Marsh & McLennan Companies by 3.1% during the third quarter. Advisor Group Inc. now owns 21,780 shares of the financial services provider’s stock valued at $1,826,000 after buying an additional 651 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Marsh & McLennan Companies by 4.5% during the third quarter. Oppenheimer & Co. Inc. now owns 15,759 shares of the financial services provider’s stock valued at $1,321,000 after buying an additional 675 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Marsh & McLennan Companies by 2.7% during the third quarter. Nordea Investment Management AB now owns 26,526 shares of the financial services provider’s stock valued at $2,223,000 after buying an additional 705 shares during the last quarter. 85.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Mark C. Mcgivney sold 22,528 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $83.59, for a total transaction of $1,883,115.52. Following the completion of the transaction, the chief financial officer now owns 33,839 shares in the company, valued at $2,828,602.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Julio A. Portalatin sold 10,911 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $81.87, for a total transaction of $893,283.57. Following the transaction, the chief executive officer now owns 59,083 shares of the company’s stock, valued at approximately $4,837,125.21. The disclosure for this sale can be found here. Insiders sold a total of 150,855 shares of company stock valued at $12,395,268 in the last quarter. 1.46% of the stock is owned by insiders.
MMC has been the subject of several research analyst reports. Barclays lifted their price objective on Marsh & McLennan Companies from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Zacks Investment Research raised Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, December 27th. Wells Fargo restated a “buy” rating and issued a $91.00 price objective on shares of Marsh & McLennan Companies in a research report on Thursday, February 1st. Finally, Citigroup decreased their target price on Marsh & McLennan Companies from $96.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $90.00.
MMC stock traded down $1.42 during midday trading on Friday, reaching $80.72. The stock had a trading volume of 1,915,953 shares, compared to its average volume of 1,685,397. The firm has a market capitalization of $40,975.17, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.30 and a quick ratio of 1.31. Marsh & McLennan Companies has a 52-week low of $71.79 and a 52-week high of $86.54.
Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, February 1st. The financial services provider reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. Marsh & McLennan Companies had a return on equity of 28.80% and a net margin of 10.64%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the firm earned $0.89 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. equities research analysts expect that Marsh & McLennan Companies will post 4.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, April 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, April 9th. Marsh & McLennan Companies’s payout ratio is presently 38.27%.
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Marsh & McLennan Companies Profile
Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. 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, reinsurance broking, catastrophe and financial modeling, and related advisory services.
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