NJ State Employees Deferred Compensation Plan Reduces Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NJ State Employees Deferred Compensation Plan reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,100 shares of the financial services provider’s stock after selling 4,900 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Marsh & McLennan Companies were worth $2,672,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. lifted its stake in Marsh & McLennan Companies by 6.0% during 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 acquiring an additional 602 shares during the period. Atria Wealth Solutions Inc. raised its position 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 valued at $1,196,000 after acquiring an additional 239 shares in the last quarter. Hartline Investment Corp boosted its position in 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 worth $3,435,000 after purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $347,000. Finally, SlateStone Wealth LLC purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at $223,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the subject of a number of analyst reports. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a report on Wednesday, April 17th. The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Morgan Stanley raised their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Stock Down 1.7 %

NYSE:MMC traded down $3.52 during midday trading on Friday, reaching $197.95. The company had a trading volume of 1,783,598 shares, compared to its average volume of 1,728,187. The stock’s fifty day simple moving average is $203.14 and its 200-day simple moving average is $197.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The firm has a market capitalization of $97.53 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.35 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the firm earned $2.53 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared 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 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Insider Activity at Marsh & McLennan Companies

In other 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 transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Marsh & McLennan Companies news, 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 value of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. 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 ninety days. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company 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.