Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Vestor Capital LLC

Vestor Capital LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 59.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,282 shares of the financial services provider’s stock after acquiring an additional 476 shares during the period. Vestor Capital LLC’s holdings in Marsh & McLennan Companies were worth $243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Asset Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $1,140,000. Wealthspire Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 7.6% during the fourth quarter. Wealthspire Advisors LLC now owns 3,027 shares of the financial services provider’s stock worth $574,000 after buying an additional 214 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Marsh & McLennan Companies by 8.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,409 shares of the financial services provider’s stock worth $267,000 after buying an additional 115 shares in the last quarter. National Pension Service grew its holdings in Marsh & McLennan Companies by 2.1% in the fourth quarter. National Pension Service now owns 818,072 shares of the financial services provider’s stock valued at $155,000,000 after purchasing an additional 16,620 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in Marsh & McLennan Companies by 1.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,594 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Jefferies Financial Group boosted their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Two 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $207.69.

Marsh & McLennan Companies Stock Up 0.6 %

MMC traded up $1.25 during trading on Thursday, hitting $204.84. The company had a trading volume of 678,662 shares, compared to its average volume of 1,702,265. The company has a market cap of $100.93 billion, a PE ratio of 25.99, a P/E/G ratio of 3.31 and a beta of 0.90. The business has a 50-day moving average of $202.76 and a 200-day moving average of $197.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. 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 issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 earnings per share. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Insiders Place Their Bets

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now owns 14,199 shares in the company, valued at $2,868,198. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,751 shares of company stock valued at $7,448,163. Company insiders own 0.35% of the company’s stock.

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.