SlateStone Wealth LLC Acquires Shares of 1,179 Marsh & McLennan Companies, Inc. (NYSE:MMC)

SlateStone Wealth LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,179 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other hedge funds also recently bought and sold shares of MMC. Valley National Advisers Inc. grew its position in shares of Marsh & McLennan Companies by 343.3% during the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock worth $25,000 after buying an additional 103 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $27,000. Headinvest LLC purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $28,000. Cordant Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $28,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth $28,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.1 %

Shares of Marsh & McLennan Companies stock traded down $2.18 during trading hours on Wednesday, hitting $199.53. The company’s stock had a trading volume of 199,913 shares, compared to its average volume of 1,718,333. The firm has a fifty day moving average of $203.07 and a 200-day moving average of $197.04. Marsh & McLennan Companies, Inc. has a twelve month low of $171.47 and a twelve month high of $209.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $98.31 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 3.38 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the prior year, the company earned $2.53 EPS. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 36.04%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group raised their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada lifted their price target on 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. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Finally, Evercore ISI lifted their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $207.69.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,291,675. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Dean Michael Klisura sold 9,994 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the sale, the chief executive officer now directly owns 9,979 shares of the company’s stock, valued at $2,012,065.77. 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 in the last quarter. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies 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.