OneAscent Wealth Management LLC Raises Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

OneAscent Wealth Management LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,543 shares of the financial services provider’s stock after buying an additional 415 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Marsh & McLennan Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock worth $9,503,120,000 after purchasing an additional 356,618 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares in the last quarter. Norges Bank acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $1,236,186,000. Amundi increased its holdings in Marsh & McLennan Companies by 81.1% in the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock valued at $860,824,000 after buying an additional 1,823,807 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Marsh & McLennan Companies by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after acquiring an additional 184,239 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MMC shares. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday. They issued a “buy” rating and a $281.00 price objective for the company. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James restated an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $233.41.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock worth $13,350,279 over the last three months. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Down 0.4 %

MMC opened at $242.39 on Friday. The stock has a market capitalization of $119.04 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $243.89. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $229.65 and a two-hundred day moving average of $224.17.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.