Stonegate Investment Group LLC Has $6.28 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Stonegate Investment Group LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,491 shares of the financial services provider’s stock after selling 943 shares during the period. Stonegate Investment Group LLC’s holdings in Marsh & McLennan Companies were worth $6,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in MMC. Valley National Advisers Inc. boosted its stake in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Marsh & McLennan Companies in the 1st quarter valued at about $25,000. Private Wealth Management Group LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $26,000. Altshuler Shaham Ltd bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $27,000. Finally, OFI Invest Asset Management acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MMC shares. UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. The Goldman Sachs Group lowered Marsh & McLennan Companies from a “buy” rating to a “sell” rating and reduced their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. 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 report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Two investment 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 an average rating of “Hold” and a consensus target price of $207.69.

Marsh & McLennan Companies Stock Performance

MMC stock traded up $0.98 during midday trading on Tuesday, reaching $199.46. 2,519,798 shares of the company’s stock traded hands, compared to its average volume of 1,738,502. The company has a 50-day moving average price of $203.03 and a two-hundred day moving average price of $197.31. The firm has a market capitalization of $98.28 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 3.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the business earned $2.53 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of the business’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 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 $611,374.68. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock valued at $7,448,163 in the last quarter. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company Profile

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.