Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,609 shares of the financial services provider’s stock after buying an additional 1,207 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Marsh & McLennan Companies were worth $12,620,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. FMR LLC grew its stake in Marsh & McLennan Companies by 0.3% during the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock valued at $3,696,223,000 after purchasing an additional 61,408 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Marsh & McLennan Companies by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock valued at $1,575,881,000 after purchasing an additional 31,821 shares in the last quarter. Morgan Stanley grew its stake in Marsh & McLennan Companies by 2.5% during the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock valued at $1,169,403,000 after purchasing an additional 150,655 shares in the last quarter. Northern Trust Corp grew its stake in Marsh & McLennan Companies by 4.8% during the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock valued at $1,137,960,000 after purchasing an additional 271,408 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Marsh & McLennan Companies by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock valued at $623,723,000 after purchasing an additional 83,785 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Martine Ferland sold 9,128 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the transaction, the chief executive officer now directly owns 9,979 shares in the company, valued at approximately $2,012,065.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on 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 transaction, the senior vice president now owns 14,199 shares in the company, valued at $2,868,198. 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. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7 %

Shares of NYSE MMC opened at $197.95 on Friday. The company has a market cap of $97.53 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock’s 50 day simple moving average is $203.10 and its 200 day simple moving average is $197.16.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 EPS 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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler lowered 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. UBS Group lifted their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Jefferies Financial Group lifted their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada lifted their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Finally, TD Cowen lifted their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $207.69.

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.