Connecticut Wealth Management LLC Boosts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Connecticut Wealth Management LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,858 shares of the financial services provider’s stock after buying an additional 235 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Advisory LLC grew its holdings in shares of Marsh & McLennan Companies by 5.8% during the 4th quarter. Cornerstone Advisory LLC now owns 1,707 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 94 shares during the last quarter. Pacific Center for Financial Services lifted its stake in Marsh & McLennan Companies by 452.2% in the fourth quarter. Pacific Center for Financial Services now owns 751 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 615 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of Marsh & McLennan Companies by 2.6% during the fourth quarter. Highview Capital Management LLC DE now owns 6,204 shares of the financial services provider’s stock valued at $1,318,000 after buying an additional 156 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Marsh & McLennan Companies by 14.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,166 shares of the financial services provider’s stock worth $20,002,000 after buying an additional 11,820 shares during the period. Finally, Focus Partners Advisor Solutions LLC lifted its stake in shares of Marsh & McLennan Companies by 19.6% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 6,957 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 1,142 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. The trade was a 31.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Down 0.8%

MMC opened at $229.03 on Thursday. The stock has a market capitalization of $112.85 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.70 and a beta of 0.85. The firm has a 50 day moving average price of $229.22 and a 200-day moving average price of $225.03. Marsh & McLennan Companies, Inc. has a twelve month low of $201.77 and a twelve month high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period in the previous year, the business earned $2.89 EPS. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 39.95%.

Analyst Ratings Changes

MMC has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Raymond James reiterated an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $241.93.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.