Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Raised by Larson Financial Group LLC

Larson Financial Group LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3,724.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,828 shares of the financial services provider’s stock after purchasing an additional 9,571 shares during the period. Larson Financial Group LLC’s holdings in Marsh & McLennan Companies were worth $1,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MMC. Massmutual Trust Co. FSB ADV grew its position in shares of Marsh & McLennan Companies by 3.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after buying an additional 56 shares during the last quarter. PDS Planning Inc grew its position in Marsh & McLennan Companies by 2.6% in the 3rd quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 57 shares during the last quarter. Drive Wealth Management LLC grew its position in Marsh & McLennan Companies by 4.7% in the 4th quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 61 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Marsh & McLennan Companies by 1.4% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 66 shares during the last quarter. Finally, Cigna Investments Inc. New grew its position in Marsh & McLennan Companies by 1.2% in the 4th quarter. Cigna Investments Inc. New now owns 5,378 shares of the financial services provider’s stock worth $1,019,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $0.41 during mid-day trading on Tuesday, reaching $201.02. The company had a trading volume of 557,240 shares, compared to its average volume of 1,720,611. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week high of $209.20. The company has a 50 day moving average of $202.96 and a 200-day moving average of $196.98. The firm has a market cap of $99.05 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 3.39 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the firm earned $2.53 EPS. The business’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is 36.04%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MMC. Morgan Stanley upped their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research note on Wednesday, April 17th. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday. TD Cowen increased their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their target price for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $207.69.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $205.00, for a total value 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 approximately $4,291,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction 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 approximately $611,374.68. The disclosure for this sale can be found here. In the last three months, insiders sold 36,751 shares of company stock valued at $7,448,163. Company insiders own 0.35% of the company’s stock.

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 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.