Concord Wealth Partners Raises Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Concord Wealth Partners boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,142 shares of the financial services provider’s stock after buying an additional 1,062 shares during the period. Concord Wealth Partners’ holdings in Marsh & McLennan Companies were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MMC. Massmutual Trust Co. FSB ADV lifted its position 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 acquiring an additional 56 shares in the last quarter. Drive Wealth Management LLC grew its stake in shares of 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 valued at $258,000 after buying an additional 61 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Marsh & McLennan Companies by 1.4% in 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 in the last quarter. Cigna Investments Inc. New grew its stake in 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 valued at $1,019,000 after purchasing an additional 66 shares in the last quarter. Finally, Graypoint LLC grew its stake in Marsh & McLennan Companies by 1.9% during the 3rd quarter. Graypoint LLC now owns 3,604 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE MMC traded up $1.26 during trading on Wednesday, reaching $200.69. 840,396 shares of the company traded hands, compared to its average volume of 1,728,482. 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 stock’s 50 day moving average price is $203.03 and its two-hundred day moving average price is $197.31. The company has a market cap of $98.88 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 3.31 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate 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 was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 EPS. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is 36.04%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now owns 33,678 shares in the company, valued at approximately $6,762,205.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,751 shares of company stock valued at $7,448,163. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MMC has been the topic of several recent research reports. 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 report on Friday, April 19th. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada lifted their price objective 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $207.69.

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.