GAMMA Investing LLC Makes New $347,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

GAMMA Investing LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,791 shares of the financial services provider’s stock, valued at approximately $347,000.

Other hedge funds also recently modified their holdings of the company. Treasurer of the State of North Carolina lifted its position in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 223,867 shares of the financial services provider’s stock worth $42,602,000 after acquiring an additional 830 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of 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 acquiring an additional 10,161 shares during the period. 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 acquiring an additional 75 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $2,825,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of MMC opened at $200.95 on Thursday. The firm has a market capitalization of $99.01 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 3.36 and a beta of 0.90. 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 business’s fifty day moving average price is $203.13 and its two-hundred day moving average price is $197.07. Marsh & McLennan Companies, Inc. has a 52 week low of $171.47 and a 52 week high of $209.20.

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, beating analysts’ consensus estimates of $2.80 by $0.09. The firm had revenue of $6.50 billion for 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%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s payout ratio is 36.04%.

Analyst Ratings Changes

MMC has been the subject of a number of recent research reports. TD Cowen increased their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a report on Monday. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a report on Wednesday, April 17th. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Royal Bank of Canada increased 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. Finally, Morgan Stanley increased their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $207.69.

Insider Transactions at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,461 shares of the firm’s 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 transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stacy Mills sold 1,461 shares of the firm’s 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 transaction, the vice president now directly owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,291,675. The disclosure for this sale can be found here. Insiders have sold 36,751 shares of company stock worth $7,448,163 in the last three months. 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.