Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 50.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,947 shares of the financial services provider’s stock after selling 285,473 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of Marsh & McLennan Companies worth $53,610,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Treasurer of the State of North Carolina increased its position 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 worth $42,602,000 after purchasing an additional 830 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Marsh & McLennan Companies by 0.9% during the fourth 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 increased its position in shares of Marsh & McLennan Companies by 5.5% during the fourth 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $1,381,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $2,825,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Up 0.2 %

MMC opened at $201.74 on Wednesday. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $209.20. The company has a market cap of $99.40 billion, a P/E ratio of 25.60, a PEG ratio of 3.38 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 50-day simple moving average is $203.07 and its 200-day simple moving average is $197.04.

Marsh & McLennan Companies (NYSE:MMC) last released 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 business had revenue of $6.50 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.53 EPS. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.64 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MMC. Morgan Stanley upped their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. TD Cowen upped their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday. Jefferies Financial Group upped their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Finally, 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $207.69.

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 in the company, valued at approximately $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, March 8th. The shares were 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 quarter. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies 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.