SageView Advisory Group LLC Purchases 3,778 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

SageView Advisory Group LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 303.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,025 shares of the financial services provider’s stock after acquiring an additional 3,778 shares during the quarter. SageView Advisory Group LLC’s holdings in Marsh & McLennan Companies were worth $970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westover Capital Advisors LLC boosted its holdings in Marsh & McLennan Companies by 3.0% in the fourth 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 in the last quarter. Massmutual Trust Co. FSB ADV raised its stake 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 worth $343,000 after purchasing an additional 56 shares during the last quarter. Baader Bank Aktiengesellschaft raised its stake in shares of Marsh & McLennan Companies by 1.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock worth $590,000 after purchasing an additional 56 shares during the last quarter. InterOcean Capital Group LLC raised its stake in shares of Marsh & McLennan Companies by 2.3% in the fourth quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 56 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in Marsh & McLennan Companies by 1.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,594 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares in the company, valued at $2,868,198. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value 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. Over the last 90 days, insiders have sold 38,920 shares of company stock valued at $7,903,935. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded down $0.10 during trading on Friday, reaching $207.89. The stock had a trading volume of 1,009,200 shares, compared to its average volume of 1,323,629. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day moving average price of $203.48 and a 200-day moving average price of $199.19. The stock has a market cap of $102.43 billion, a PE ratio of 26.38, a PEG ratio of 2.94 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $211.53.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm 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%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.53 earnings per share. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. UBS Group lifted their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Royal Bank of Canada lifted their price target on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. TD Cowen lifted their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company 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 issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $210.27.

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.