McAdam LLC Buys 113 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

McAdam LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 3,744 shares of the financial services provider’s stock after buying an additional 113 shares during the period. McAdam LLC’s holdings in Marsh & McLennan Companies were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMC. Massmutual Trust Co. FSB ADV boosted its position in Marsh & McLennan Companies by 3.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 56 shares in the last quarter. PDS Planning Inc grew its stake in 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 purchasing an additional 57 shares during the last quarter. Drive Wealth Management LLC raised its holdings in Marsh & McLennan Companies by 4.7% in the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 61 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Marsh & McLennan Companies by 1.4% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock valued at $911,000 after buying an additional 66 shares during the last quarter. Finally, Cigna Investments Inc. New raised its stake in shares of Marsh & McLennan Companies by 1.2% during the 4th quarter. Cigna Investments Inc. New now owns 5,378 shares of the financial services provider’s stock worth $1,019,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $198.48 on Tuesday. The company has a market cap of $97.80 billion, a P/E ratio of 25.19, a P/E/G ratio of 3.30 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The company’s 50-day moving average price is $203.06 and its 200-day moving average price is $197.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMC) last issued its 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. 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 period in the previous year, the firm posted $2.53 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Analysts Set New Price Targets

MMC has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their price target for the stock from $215.00 to $185.00 in a research report on Monday, January 8th. TD Cowen increased their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Evercore ISI increased their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley upped their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $207.69.

Insider Buying and Selling

In related news, CEO Martine Ferland sold 9,128 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the sale, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly 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, CEO Martine Ferland sold 9,128 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of 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. Over the last three months, insiders sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.35% of the company’s stock.

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.