Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605,420 shares of the financial services provider’s stock after purchasing an additional 4,011 shares during the quarter. Natixis Advisors L.P. owned about 0.12% of Marsh & McLennan Companies worth $114,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its stake in Marsh & McLennan Companies by 3.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after buying an additional 56 shares during the last quarter. Drive Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies by 4.7% during the 4th quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 61 shares during the last quarter. Summit Financial LLC increased its position in Marsh & McLennan Companies by 0.8% during the fourth quarter. Summit Financial LLC now owns 7,365 shares of the financial services provider’s stock worth $1,396,000 after purchasing an additional 61 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Marsh & McLennan Companies by 13.7% during the fourth quarter. First Horizon Advisors Inc. now owns 515 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 62 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in Marsh & McLennan Companies by 1.4% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock valued at $911,000 after purchasing an additional 66 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MMC. Royal Bank of Canada lifted their price target on shares of 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. UBS Group upped their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Evercore ISI raised their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $207.69.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the sale, the senior vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.0 %

NYSE:MMC traded down $0.05 during midday trading on Thursday, reaching $199.72. The company had a trading volume of 375,907 shares, compared to its average volume of 1,726,823. The stock’s fifty day simple moving average is $203.03 and its 200-day simple moving average is $197.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The firm has a market capitalization of $98.41 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 3.33 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid 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 1.42%. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

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.