Transcend Capital Advisors LLC Has $2.65 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Transcend Capital Advisors LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 30.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,983 shares of the financial services provider’s stock after acquiring an additional 3,223 shares during the period. Transcend Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $2,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in Marsh & McLennan Companies by 0.3% in the 3rd quarter. FMR LLC now owns 19,423,136 shares of the financial services provider’s stock worth $3,696,223,000 after purchasing an additional 61,408 shares during the period. Ameriprise Financial Inc. boosted its stake in Marsh & McLennan Companies by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,278,659 shares of the financial services provider’s stock worth $1,575,881,000 after purchasing an additional 31,821 shares during the period. Morgan Stanley boosted its stake in Marsh & McLennan Companies by 2.5% in the 3rd quarter. Morgan Stanley now owns 6,145,046 shares of the financial services provider’s stock worth $1,169,403,000 after purchasing an additional 150,655 shares during the period. Northern Trust Corp boosted its stake in Marsh & McLennan Companies by 4.8% in the 3rd quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after purchasing an additional 271,408 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Marsh & McLennan Companies by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 3,277,576 shares of the financial services provider’s stock worth $623,723,000 after purchasing an additional 83,785 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MMC. Evercore ISI upped their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Royal Bank of Canada increased 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 note on Friday, April 19th. Piper Sandler downgraded 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 research note on Wednesday, April 17th. Morgan Stanley increased their price objective on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company increased their price objective 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, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $207.69.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marsh & McLennan Companies news, CEO Martine Ferland sold 9,128 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the sale, the chief executive officer now owns 9,979 shares in the company, valued at $2,012,065.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. 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. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded down $3.52 on Friday, reaching $197.95. The stock had a trading volume of 1,783,604 shares, compared to its average volume of 1,810,961. The firm has a market capitalization of $97.53 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 3.30 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The firm’s 50-day moving average is $203.10 and its two-hundred day moving average is $197.16.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.09. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 EPS. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

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.