Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,102 shares of the financial services provider’s stock after purchasing an additional 529 shares during the period. Sage Mountain Advisors LLC’s holdings in Marsh & McLennan Companies were worth $588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MMC. Treasurer of the State of North Carolina lifted its position in Marsh & McLennan Companies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after buying an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Marsh & McLennan Companies by 0.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after purchasing an additional 10,161 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in Marsh & McLennan Companies by 5.5% during the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after buying an additional 75 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth about $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth about $2,825,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the firm’s 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 completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Stacy Mills sold 1,461 shares of the firm’s 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 sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 9,979 shares in the company, valued at approximately $2,012,065.77. The disclosure for this sale can be found here. Insiders sold 36,751 shares of company stock valued at $7,448,163 in the last ninety days. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of several research reports. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. TD Cowen upped their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday. Morgan Stanley upped their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $201.43 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $202.96 and its two-hundred day moving average is $196.98. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The stock has a market capitalization of $99.25 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 released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share 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 analysts’ expectations of $6.38 billion. During the same quarter in the prior year, the firm posted $2.53 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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