EverSource Wealth Advisors LLC Boosts Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

EverSource Wealth Advisors LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,524 shares of the financial services provider’s stock after acquiring an additional 312 shares during the period. EverSource Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $902,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Westover Capital Advisors LLC increased its stake 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 valued at $349,000 after purchasing an additional 53 shares during the last quarter. Evoke Wealth LLC boosted its stake in Marsh & McLennan Companies by 4.4% during the 4th quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 53 shares in the last quarter. RDA Financial Network boosted its stake in shares of Marsh & McLennan Companies by 3.1% during the 1st quarter. RDA Financial Network now owns 1,762 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 53 shares in the last quarter. Optas LLC boosted its position in shares of Marsh & McLennan Companies by 2.9% in the first quarter. Optas LLC now owns 1,880 shares of the financial services provider’s stock worth $387,000 after buying an additional 53 shares during the period. Finally, Strategic Blueprint LLC boosted its position in shares of Marsh & McLennan Companies by 1.6% in the first quarter. Strategic Blueprint LLC now owns 3,411 shares of the financial services provider’s stock worth $703,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of several recent research reports. Royal Bank of Canada raised their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Jefferies Financial Group upped their target price 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. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. Finally, Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $214.25.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The disclosure for this sale can be found here. Insiders sold a total of 10,338 shares of company stock valued at $2,187,012 over the last 90 days. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded down $0.66 during trading hours on Friday, reaching $223.95. The stock had a trading volume of 1,860,665 shares, compared to its average volume of 1,662,703. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day simple moving average of $213.52 and a 200 day simple moving average of $205.85. Marsh & McLennan Companies, Inc. has a 12-month low of $184.02 and a 12-month high of $227.63. The stock has a market cap of $110.13 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 3.20 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.46%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, July 25th. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

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.