Stevens Capital Management LP Acquires New Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Stevens Capital Management LP acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,960 shares of the financial services provider’s stock, valued at approximately $1,508,000.

Other large investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted 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 valued at $343,000 after purchasing an additional 56 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of Marsh & McLennan Companies by 2.6% during the 3rd quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 57 shares during the last quarter. Drive Wealth Management LLC increased its stake in 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 valued at $258,000 after purchasing an additional 61 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Marsh & McLennan Companies by 1.4% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock worth $911,000 after buying an additional 66 shares during the period. Finally, Cigna Investments Inc. New raised its stake in shares of Marsh & McLennan Companies by 1.2% during the 4th quarter. Cigna Investments Inc. New now owns 5,378 shares of the financial services provider’s stock valued at $1,019,000 after buying an additional 66 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of recent analyst reports. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research report on Wednesday, April 17th. Evercore ISI boosted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. The Goldman Sachs Group downgraded Marsh & McLennan Companies from a “buy” rating to a “sell” rating and cut their target price for the stock from $215.00 to $185.00 in a research note on Monday, January 8th. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada raised their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $207.69.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Down 1.7 %

Shares of NYSE:MMC traded down $3.52 during mid-day trading on Friday, hitting $197.95. 1,783,598 shares of the company traded hands, compared to its average volume of 1,735,621. The firm’s 50 day simple moving average is $203.14 and its 200 day simple moving average is $197.10. Marsh & McLennan Companies, Inc. has a 52-week low of $171.47 and a 52-week high of $209.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $97.53 billion, a P/E ratio of 25.57, a PEG ratio of 3.35 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last issued 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 net margin of 16.84% and a return on equity of 34.14%. 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 prior year, the business posted $2.53 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Marsh & McLennan Companies 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.