J.Safra Asset Management Corp Sells 160 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

J.Safra Asset Management Corp decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 580 shares of the financial services provider’s stock after selling 160 shares during the quarter. J.Safra Asset Management Corp’s holdings in Marsh & McLennan Companies were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. Massmutual Trust Co. FSB ADV boosted its holdings in Marsh & McLennan Companies by 3.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 56 shares during the last quarter. PDS Planning Inc grew its holdings in shares of Marsh & McLennan Companies by 2.6% in the third quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 57 shares in the last quarter. Drive Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 4.7% during the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 61 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in Marsh & McLennan Companies by 1.4% in the third 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 stake 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 valued at $1,019,000 after purchasing an additional 66 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted 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 report 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. Evercore ISI increased 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. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their target price for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Finally, Jefferies Financial Group increased their price target 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 assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $207.69.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction that occurred on 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 owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Marsh & McLennan Companies news, CMO John Jude Jones sold 1,505 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $203.67, for a total transaction of $306,523.35. Following the transaction, the chief marketing officer now directly owns 7,978 shares in the company, valued at $1,624,879.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 $611,374.68. 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. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MMC traded up $0.52 during mid-day trading on Thursday, hitting $201.47. 1,593,211 shares of the stock traded hands, compared to its average volume of 1,735,021. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market cap of $99.27 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 3.36 and a beta of 0.90. The business’s 50-day moving average price is $203.14 and its 200 day moving average price is $197.10.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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 firm 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%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 earnings per share. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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