Procyon Advisors LLC Purchases 101 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Procyon Advisors LLC lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,026 shares of the financial services provider’s stock after purchasing an additional 101 shares during the quarter. Procyon Advisors LLC’s holdings in Marsh & McLennan Companies were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in shares of Marsh & McLennan Companies in the third quarter worth $27,000. OFI Invest Asset Management bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth $28,000. Headinvest LLC bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth $28,000. BKM Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $31,000. Finally, RVW Wealth LLC bought a new stake in Marsh & McLennan Companies during the third quarter valued at about $32,000. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction 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 transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the transaction, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at $2,868,198. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 in the last quarter. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded up $0.92 during midday trading on Thursday, reaching $206.53. 72,717 shares of the company’s stock traded hands, compared to its average volume of 1,661,684. The company has a fifty day simple moving average of $200.46 and a two-hundred day simple moving average of $195.97. Marsh & McLennan Companies, Inc. has a 1 year low of $163.37 and a 1 year high of $209.20. The company has a market cap of $101.54 billion, a P/E ratio of 27.31, a PEG ratio of 2.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The firm had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter last year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.56 EPS 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. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio is presently 37.72%.

Analysts Set New Price Targets

MMC has been the subject of a number of recent analyst reports. StockNews.com lowered Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their target price for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. TD Cowen assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a “market perform” rating and a $189.00 price objective on the stock. Royal Bank of Canada upped their price objective on Marsh & McLennan Companies from $200.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $202.71.

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.