RWA Wealth Partners LLC Acquires 4,760 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

RWA Wealth Partners LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 153.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,861 shares of the financial services provider’s stock after purchasing an additional 4,760 shares during the period. RWA Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC increased its holdings in Marsh & McLennan Companies by 0.3% during the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after acquiring an additional 61,408 shares during the period. Ameriprise Financial Inc. increased its holdings in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after acquiring an additional 31,821 shares during the period. Morgan Stanley increased its holdings in Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after acquiring an additional 150,655 shares during the period. Northern Trust Corp increased its holdings in Marsh & McLennan Companies by 4.8% during the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after acquiring an additional 271,408 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Marsh & McLennan Companies by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock worth $623,723,000 after acquiring an additional 83,785 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MMC. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Evercore ISI increased their price target on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday, April 17th. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their price target for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of Marsh & McLennan Companies stock opened at $201.74 on Wednesday. The firm has a market cap of $99.40 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 3.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The company has a 50-day moving average of $203.07 and a 200 day moving average of $197.04.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.53 EPS. As a group, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.64 earnings per share 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is presently 36.04%.

Insider Activity

In related news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,461 shares of the business’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 sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 in the last 90 days. 0.35% of the stock is currently owned by insiders.

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.