Patrick M Sweeney & Associates Inc. Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Patrick M Sweeney & Associates Inc. bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,138 shares of the financial services provider’s stock, valued at approximately $405,000.

Other hedge funds also recently bought and sold shares of the company. Westover Capital Advisors LLC increased its stake in Marsh & McLennan Companies by 3.0% in the fourth quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 53 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position 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 purchasing an additional 56 shares during the last quarter. Drive Wealth Management LLC increased its holdings 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 worth $258,000 after buying an additional 61 shares during the last quarter. Summit Financial LLC raised its position in shares of Marsh & McLennan Companies by 0.8% in the 4th quarter. Summit Financial LLC now owns 7,365 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 61 shares during the period. Finally, First Horizon Advisors Inc. grew its position 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 valued at $98,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the transaction, the vice president now directly owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now directly owns 14,199 shares in the company, valued at approximately $2,868,198. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 over the last 90 days. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded down $0.12 during trading hours on Wednesday, hitting $203.59. The stock had a trading volume of 779,270 shares, compared to its average volume of 1,713,593. The stock’s fifty day simple moving average is $202.81 and its 200 day simple moving average is $197.67. The firm has a market capitalization of $100.31 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.31 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 1-year low of $171.47 and a 1-year high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.53 earnings per share. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.71 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. Stockholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 36.04%.

Analysts Set New Price Targets

MMC has been the topic of a number of analyst reports. 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 research note on Monday, April 22nd. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a report on Wednesday, April 17th. Finally, TD Cowen increased their price target on shares of 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 issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company 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.