7,960 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 7,960 shares of the financial services provider’s stock, valued at approximately $1,508,000.

A number of other institutional investors also recently modified their holdings of MMC. Syon Capital LLC lifted its stake in Marsh & McLennan Companies by 15.0% in the 4th quarter. Syon Capital LLC now owns 7,764 shares of the financial services provider’s stock valued at $1,471,000 after purchasing an additional 1,015 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 6.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,716 shares of the financial services provider’s stock valued at $2,030,000 after purchasing an additional 602 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Marsh & McLennan Companies by 3.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 6,311 shares of the financial services provider’s stock worth $1,196,000 after acquiring an additional 239 shares in the last quarter. Hartline Investment Corp lifted its stake in shares of Marsh & McLennan Companies by 0.8% in the 4th quarter. Hartline Investment Corp now owns 18,128 shares of the financial services provider’s stock valued at $3,435,000 after acquiring an additional 136 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $347,000. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction 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 transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,291,675. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock valued at $7,448,163 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research report on Wednesday, April 17th. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. TD Cowen upped their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and dropped their price target for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $3.52 on Friday, reaching $197.95. 1,783,598 shares of the company traded hands, compared to its average volume of 1,735,621. The company has a 50 day moving average of $203.14 and a 200 day moving average of $197.10. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week high of $209.20. The firm has a market capitalization of $97.53 billion, a PE ratio of 25.57, a PEG ratio of 3.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given 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 is 36.04%.

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.