Quotient Wealth Partners LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Quotient Wealth Partners LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,906 shares of the financial services provider’s stock, valued at approximately $361,000.

A number of other institutional investors also recently bought and sold shares of MMC. Valley National Advisers Inc. increased 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 during the last quarter. Altshuler Shaham Ltd acquired a new position in Marsh & McLennan Companies in the third quarter valued at about $27,000. Headinvest LLC acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $28,000. Cordant Inc. acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $28,000. Finally, OFI Invest Asset Management acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at approximately $28,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

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 shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $200.79, for a total value of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock valued at $7,448,163 in the last ninety days. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $1.12 during mid-day trading on Wednesday, hitting $206.19. 224,590 shares of the company’s stock were exchanged, compared to its average volume of 1,665,074. The firm has a market capitalization of $101.59 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.42 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a fifty-two week low of $171.47 and a fifty-two week high of $209.20. The business’s 50 day moving average is $203.02 and its two-hundred day moving average is $198.29. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the previous year, the company posted $2.53 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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 is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.38%. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

MMC has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Evercore ISI lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Royal Bank of Canada increased their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. Finally, Jefferies Financial Group upped their price objective 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. Two research 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’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $207.69.

View Our Latest Stock Analysis on MMC

About Marsh & McLennan Companies

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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