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

Geneva Partners LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,726 shares of the financial services provider’s stock, valued at approximately $1,843,000.

A number of other large investors have also added to or reduced their stakes in MMC. Wetzel Investment Advisors Inc. purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $73,000. Greenleaf Trust increased its position in shares of Marsh & McLennan Companies by 2.7% in the 4th quarter. Greenleaf Trust now owns 9,772 shares of the financial services provider’s stock valued at $1,852,000 after acquiring an additional 256 shares during the period. HTLF Bank purchased a new position in Marsh & McLennan Companies in the 4th quarter worth $278,000. Fidelis Capital Partners LLC increased its holdings in shares of Marsh & McLennan Companies by 30.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,416 shares of the financial services provider’s stock valued at $1,026,000 after purchasing an additional 1,262 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of Marsh & McLennan Companies by 7.8% during the fourth quarter. Xponance Inc. now owns 133,765 shares of the financial services provider’s stock worth $25,344,000 after purchasing an additional 9,653 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Price Performance

MMC stock traded up $0.68 during mid-day trading on Friday, reaching $202.41. The company’s stock had a trading volume of 2,458,965 shares, compared to its average volume of 1,737,595. 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’s 50 day moving average is $202.86 and its two-hundred day moving average is $196.82. Marsh & McLennan Companies, Inc. has a fifty-two week low of $171.47 and a fifty-two week high of $209.20. The stock has a market cap of $99.90 billion, a PE ratio of 26.88, a P/E/G ratio of 3.59 and a beta of 0.90.

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

Marsh & McLennan Companies Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 37.72%.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the 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 completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO John Jude Jones sold 1,505 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $203.67, for a total transaction of $306,523.35. Following the transaction, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at approximately $1,624,879.26. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock valued at $7,448,163 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley upped their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Piper Sandler cut shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $204.87.

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.