Moreno Evelyn V Purchases New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moreno Evelyn V purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,745 shares of the financial services provider’s stock, valued at approximately $2,225,000.

A number of other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its position in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after buying an additional 103 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter worth approximately $26,000. Altshuler Shaham Ltd purchased a new stake in Marsh & McLennan Companies in the third quarter valued at $27,000. Headinvest LLC purchased a new stake in Marsh & McLennan Companies in the third quarter valued at $28,000. Finally, Cordant Inc. purchased a new stake in Marsh & McLennan Companies in the fourth quarter valued at $28,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on MMC. Evercore ISI boosted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Royal Bank of Canada boosted their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 19th. TD Cowen boosted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. UBS Group upped their price objective on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group increased their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $210.27.

Marsh & McLennan Companies Stock Down 0.9 %

NYSE:MMC traded down $1.92 during mid-day trading on Thursday, hitting $208.90. The company had a trading volume of 381,631 shares, compared to its average volume of 1,645,631. The business has a fifty day simple moving average of $203.44 and a 200-day simple moving average of $199.00. 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 1 year low of $171.47 and a 1 year high of $211.53. The firm has a market capitalization of $102.93 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.49 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the company earned $2.53 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 4th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated 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 directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Martine Ferland sold 9,128 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the transaction, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 completion of 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 38,920 shares of company stock valued at $7,903,935 over the last three months. 0.30% of the stock is owned by insiders.

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.