IAM Advisory LLC Acquires 174 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

IAM Advisory LLC boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,242 shares of the financial services provider’s stock after buying an additional 174 shares during the quarter. IAM Advisory LLC’s holdings in Marsh & McLennan Companies were worth $1,751,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after purchasing an additional 1,093,817 shares during the period. FMR LLC grew its position in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after acquiring an additional 504,897 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Marsh & McLennan Companies by 31,846.5% during the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after purchasing an additional 426,425 shares during the last quarter. Finally, Truist Financial Corp raised its stake in shares of Marsh & McLennan Companies by 93.9% during the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock worth $160,563,000 after acquiring an additional 368,970 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC stock opened at $215.23 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $105.71 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.31 and a beta of 0.96. The business’s fifty day moving average is $218.62 and its 200 day moving average is $221.09. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period last year, the business earned $1.57 EPS. Marsh & McLennan Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.51%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MMC. Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday, January 10th. Finally, UBS Group increased their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $228.60.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.