Connecticut Wealth Management LLC Buys 1,543 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Connecticut Wealth Management LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 55.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,302 shares of the financial services provider’s stock after buying an additional 1,543 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MMC. Treasurer of the State of North Carolina increased its stake in shares of Marsh & McLennan Companies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock valued at $42,602,000 after buying an additional 830 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Marsh & McLennan Companies by 0.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,180,332 shares of the financial services provider’s stock worth $221,078,000 after purchasing an additional 10,161 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Marsh & McLennan Companies by 5.5% in the 4th quarter. CENTRAL TRUST Co now owns 1,448 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 75 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in Marsh & McLennan Companies in the fourth quarter worth about $2,825,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MMC. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company upped 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 report on Friday, April 19th. TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Stock Down 0.0 %

Shares of Marsh & McLennan Companies stock traded down $0.09 on Friday, reaching $199.27. The company’s stock had a trading volume of 1,039,890 shares, compared to its average volume of 1,926,955. The company has a market capitalization of $98.18 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.32 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 52 week low of $171.47 and a 52 week high of $209.20. The firm’s fifty day simple moving average is $202.84 and its two-hundred day simple moving average is $197.48.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. Marsh & McLennan Companies’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share 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. Shareholders of record on Thursday, April 4th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a 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%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the sale, the senior vice president now owns 14,199 shares of the company’s stock, valued at $2,868,198. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the transaction, the senior vice president now owns 14,199 shares in the company, valued at approximately $2,868,198. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the business’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 sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,751 shares of company stock worth $7,448,163. 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.