Geneva Partners LLC Invests $1.84 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Geneva Partners LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 9,726 shares of the financial services provider’s stock, valued at approximately $1,843,000.

A number of other hedge funds have also recently bought and sold shares of the business. Valley National Advisers Inc. raised its stake 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 in the last quarter. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $28,000. Headinvest LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $28,000. Finally, Cordant Inc. acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,291,675. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies 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 in the company, valued at $4,291,675. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MMC stock traded up $0.68 during trading on Friday, hitting $202.41. The company had a trading volume of 2,458,965 shares, compared to its average volume of 1,737,595. The firm has a market capitalization of $99.90 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 3.59 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average of $202.86 and a 200 day moving average of $196.82. Marsh & McLennan Companies, Inc. has a fifty-two week low of $171.47 and a fifty-two week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $2.53 earnings per share. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio is currently 37.72%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MMC. TD Cowen began coverage on shares of Marsh & McLennan Companies in a report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday. Morgan Stanley raised their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Evercore ISI upped their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $204.87.

Marsh & McLennan Companies 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.