298 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by AJOVista LLC

AJOVista LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, HoldingsChannel reports. The fund acquired 298 shares of the financial services provider’s stock, valued at approximately $56,000.

Other large investors also recently made changes to their positions in the company. Westover Capital Advisors LLC grew its holdings in Marsh & McLennan Companies by 3.0% during the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 53 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 56 shares in the last quarter. Drive Wealth Management LLC raised its position in Marsh & McLennan Companies by 4.7% in the 4th 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 during the last quarter. Summit Financial LLC lifted its holdings in Marsh & McLennan Companies by 0.8% during the 4th quarter. Summit Financial LLC now owns 7,365 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 61 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Marsh & McLennan Companies by 13.7% in the 4th quarter. First Horizon Advisors Inc. now owns 515 shares of the financial services provider’s stock valued at $98,000 after buying an additional 62 shares during the period. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MMC. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their price target for the company from $215.00 to $185.00 in a research note on Monday, January 8th. Royal Bank of Canada lifted their price target on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Evercore ISI lifted their target price 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. Finally, Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $207.69.

Marsh & McLennan Companies Price Performance

MMC stock opened at $200.07 on Monday. The stock has a market cap of $98.58 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.31 and a beta of 0.90. The stock has a 50-day moving average price of $202.84 and a two-hundred day moving average price of $197.48. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. 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 announced its 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 business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.53 EPS. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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 given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.

Insiders Place Their Bets

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 shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the sale, 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 SEC, which is accessible through this hyperlink. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 in the last three months. 0.35% of the stock is currently owned by corporate 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.