Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Citizens & Northern Corp

Citizens & Northern Corp lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,225 shares of the financial services provider’s stock after selling 242 shares during the quarter. Citizens & Northern Corp’s holdings in Marsh & McLennan Companies were worth $1,179,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MMC. Norges Bank purchased a new position in Marsh & McLennan Companies during the fourth quarter worth $1,048,077,000. Impax Asset Management Group plc purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $261,787,000. Corient Private Wealth LLC raised its stake in shares of Marsh & McLennan Companies by 322.7% in the 4th quarter. Corient Private Wealth LLC now owns 761,238 shares of the financial services provider’s stock valued at $144,232,000 after acquiring an additional 581,131 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Marsh & McLennan Companies by 62.3% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 1,475,835 shares of the financial services provider’s stock worth $274,552,000 after buying an additional 566,675 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Marsh & McLennan Companies by 3,413.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 532,670 shares of the financial services provider’s stock worth $100,925,000 after purchasing an additional 517,510 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 1.3 %

Shares of MMC stock traded down $2.67 on Thursday, hitting $208.15. The stock had a trading volume of 645,412 shares, compared to its average volume of 1,648,164. The stock has a market cap of $102.56 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 3.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day moving average of $203.44 and a 200 day moving average of $199.00. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $211.53.

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, topping the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.53 earnings per share. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 4th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Insider Activity 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 completion of the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $611,374.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $202.00, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,461 shares of the business’s 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 completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,920 shares of company stock worth $7,903,935. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MMC. Royal Bank of Canada increased their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 10th. Piper Sandler lowered shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Wednesday, April 17th. Finally, TD Cowen upped their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $210.27.

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.