Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Position Increased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 5,959,581 shares of the financial services provider’s stock after purchasing an additional 99,333 shares during the quarter. Marsh & McLennan Companies comprises about 4.1% of Mawer Investment Management Ltd.’s holdings, making the stock its 5th largest position. Mawer Investment Management Ltd.’s holdings in Marsh & McLennan Companies were worth $697,144,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $29,000. Graves Light Private Wealth Management Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $34,000. Addison Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $35,000. First Horizon Advisors Inc. increased its stake in shares of Marsh & McLennan Companies by 39.3% during the third quarter. First Horizon Advisors Inc. now owns 340 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares during the period. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 86.56% of the company’s stock.

A number of equities analysts recently issued reports on MMC shares. Credit Suisse Group raised Marsh & McLennan Companies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $120.00 to $130.00 in a report on Monday, January 11th. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $103.00 in a report on Monday, November 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $135.00 to $130.00 in a report on Tuesday, December 8th. Smith Barney Citigroup downgraded Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $135.00 to $130.00 in a report on Tuesday, December 8th. Finally, The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price objective for the company from $126.00 to $112.00 in a report on Friday, January 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $117.72.

In other Marsh & McLennan Companies news, CEO Daniel S. Glaser sold 314,516 shares of the firm’s stock in a transaction dated Friday, December 11th. The stock was sold at an average price of $115.39, for a total value of $36,292,001.24. Following the sale, the chief executive officer now directly owns 101,074 shares of the company’s stock, valued at approximately $11,662,928.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Shares of NYSE MMC traded up $0.33 during mid-day trading on Tuesday, hitting $118.72. 10,517 shares of the company were exchanged, compared to its average volume of 1,801,600. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $112.76 and a 200-day simple moving average of $114.03. Marsh & McLennan Companies, Inc. has a 1-year low of $74.33 and a 1-year high of $120.97. The firm has a market cap of $60.33 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 3.88 and a beta of 0.86.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Wednesday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.06. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Marsh & McLennan Companies had a return on equity of 31.20% and a net margin of 11.91%. Marsh & McLennan Companies’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 earnings per share. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Monday, February 1st were given a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, January 29th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.91%.

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 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 and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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