4,964 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, Holdings Channel reports. The firm acquired 4,964 shares of the financial services provider’s stock, valued at approximately $1,054,000.

Several other large investors also recently made changes to their positions in the business. Financial Life Planners bought a new position in Marsh & McLennan Companies during the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $36,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $38,000. Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.6 %

MMC stock opened at $232.05 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a 50-day simple moving average of $227.10 and a 200 day simple moving average of $223.79. The company has a market cap of $113.97 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MMC shares. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $230.44.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares of the company’s stock, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock worth $13,350,279 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Profile

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.