Rockefeller Capital Management L.P. Acquires 13,759 Shares of Marsh & McLennan Companies, Inc. $MMC

Rockefeller Capital Management L.P. raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.3% during the second quarter, HoldingsChannel reports. The fund owned 78,213 shares of the financial services provider’s stock after purchasing an additional 13,759 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Marsh & McLennan Companies were worth $17,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC raised its position in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 869 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.2% in the 1st quarter. Private Advisor Group LLC now owns 12,808 shares of the financial services provider’s stock worth $3,125,000 after purchasing an additional 146 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Marsh & McLennan Companies by 7.6% in the first quarter. Kestra Private Wealth Services LLC now owns 11,839 shares of the financial services provider’s stock worth $2,889,000 after buying an additional 840 shares in the last quarter. Finally, OneAscent Financial Services LLC grew its holdings in shares of Marsh & McLennan Companies by 44.2% during the 1st quarter. OneAscent Financial Services LLC now owns 3,164 shares of the financial services provider’s stock valued at $772,000 after purchasing an additional 970 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $180.26 on Wednesday. The company has a market capitalization of $88.31 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50-day moving average is $192.27 and its 200 day moving average is $207.18. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. Marsh & McLennan Companies had a net margin of 15.60% and a return on equity of 31.79%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts expect 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 was paid on Friday, November 14th. Stockholders of record on Thursday, October 2nd were paid a $0.90 dividend. The ex-dividend date was Thursday, October 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total transaction of $4,334,896.35. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $18,031,597.65. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Wolfe Research assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, September 16th. They set a “peer perform” rating for the company. Cantor Fitzgerald started coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They issued an “overweight” rating and a $256.00 price target for the company. Bank of America restated an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Finally, UBS Group lowered their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $228.63.

Marsh & McLennan Companies Company 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.