National Pension Service Increases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

National Pension Service boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 818,072 shares of the financial services provider’s stock after buying an additional 16,620 shares during the quarter. National Pension Service owned approximately 0.17% of Marsh & McLennan Companies worth $155,000,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in Marsh & McLennan Companies by 16.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,534 shares of the financial services provider’s stock valued at $2,005,000 after acquiring an additional 1,522 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Marsh & McLennan Companies by 9.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 61,152 shares of the financial services provider’s stock valued at $11,637,000 after buying an additional 5,164 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Marsh & McLennan Companies by 27.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,943 shares of the financial services provider’s stock valued at $750,000 after buying an additional 850 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Marsh & McLennan Companies by 1.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,142 shares of the financial services provider’s stock valued at $24,385,000 after acquiring an additional 1,232 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Marsh & McLennan Companies by 2.7% during the third quarter. Park Avenue Securities LLC now owns 10,589 shares of the financial services provider’s stock worth $2,015,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada raised 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. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a report on Wednesday, April 17th. Evercore ISI boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. UBS Group increased 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, Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” 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. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $207.69.

Insider Buying and Selling

In related news, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were 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 $4,291,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated 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 directly owns 2,923 shares in the company, valued at $611,374.68. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 over the last quarter. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Trading Down 0.1 %

Shares of NYSE MMC traded down $0.13 during midday trading on Wednesday, reaching $203.58. The company had a trading volume of 794,775 shares, compared to its average volume of 1,713,593. 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 firm’s fifty day moving average price is $202.81 and its 200-day moving average price is $197.67. The stock has a market cap of $100.31 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $209.20.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued 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 1.40%. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

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.