Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,026 shares of the financial services provider’s stock after acquiring an additional 101 shares during the period. Procyon Advisors LLC’s holdings in Marsh & McLennan Companies were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $28,000. Headinvest LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $28,000. BKM Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $31,000. Finally, RVW Wealth LLC acquired a new position in shares of Marsh & McLennan Companies in the third quarter worth $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Marsh & McLennan Companies from $186.00 to $185.00 and set an “underperform” rating for the company in a research note on Tuesday, January 30th. The Goldman Sachs Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their price target for the company from $215.00 to $185.00 in a report on Monday, January 8th. TD Cowen assumed coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $189.00 price objective on the stock. Royal Bank of Canada lifted 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. Finally, StockNews.com lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $202.71.

Marsh & McLennan Companies Price Performance

NYSE:MMC traded up $0.92 on Thursday, hitting $206.53. The company had a trading volume of 72,717 shares, compared to its average volume of 1,661,684. The stock has a market capitalization of $101.54 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.48 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 firm has a 50 day moving average of $200.46 and a two-hundred day moving average of $195.97. Marsh & McLennan Companies, Inc. has a 52 week low of $163.37 and a 52 week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.54 billion. Marsh & McLennan Companies had a net margin of 16.52% and a return on equity of 33.72%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.56 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 1.38%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 37.72%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies 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 transaction, 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 can be accessed through this link. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies 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 transaction, 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. Insiders sold 36,751 shares of company stock valued at $7,448,163 over the last quarter. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company 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.