Tilt Investment Management Holdings PBC Acquires Shares of 2,037 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tilt Investment Management Holdings PBC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,037 shares of the financial services provider’s stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors 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 fourth 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 acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth $27,000. Headinvest LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth about $28,000. Cordant Inc. bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth about $28,000. Finally, OFI Invest Asset Management acquired a new position in Marsh & McLennan Companies in the third quarter worth about $28,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on MMC. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a report on Wednesday. TD Cowen started coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, January 10th. They set a “market perform” rating and a $189.00 target price for the company. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $200.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, January 26th. Wells Fargo & Company downgraded shares of Marsh & McLennan Companies from an “overweight” rating to an “equal weight” rating and set a $212.00 price objective for the company. in a research report on Thursday, April 11th. Finally, Evercore ISI lifted their target price on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $204.73.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC traded up $5.00 during mid-day trading on Thursday, reaching $202.62. The company had a trading volume of 1,972,557 shares, compared to its average volume of 1,704,280. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. The stock has a market cap of $100.00 billion, a PE ratio of 26.24, a P/E/G ratio of 3.56 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $202.67 and a two-hundred day moving average price of $196.69.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the company posted $2.53 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued 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 1.40%. Marsh & McLennan Companies’s dividend payout ratio is 37.72%.

Insiders Place Their Bets

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Marsh & McLennan Companies news, CEO Martine Ferland sold 9,128 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the completion of the transaction, the chief executive officer now owns 9,979 shares of the company’s stock, valued at approximately $2,012,065.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of the business’s 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 transaction, the chief financial officer now directly 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 three months. Insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

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.