Rockport Wealth LLC Buys Shares of 1,246 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Rockport Wealth LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, Holdings Channel.com reports. The fund bought 1,246 shares of the financial services provider’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cynosure Group LLC purchased a new position in Marsh & McLennan Companies in the first quarter valued at about $448,000. Catalytic Wealth RIA LLC purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $269,000. Edgestream Partners L.P. grew its stake in shares of Marsh & McLennan Companies by 2,032.4% during the first quarter. Edgestream Partners L.P. now owns 24,075 shares of the financial services provider’s stock worth $4,959,000 after acquiring an additional 22,946 shares during the last quarter. Bristol Gate Capital Partners Inc. purchased a new stake in shares of Marsh & McLennan Companies during the first quarter worth about $95,139,000. Finally, Vanguard Group Inc. grew its stake in shares of Marsh & McLennan Companies by 0.3% during the first quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider’s stock worth $9,046,079,000 after acquiring an additional 119,236 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $477,180.00. Following the sale, the senior vice president now owns 11,861 shares of the company’s stock, valued at approximately $2,609,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the sale, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,338 shares of company stock valued at $2,187,012. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MMC shares. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada upped their target price on Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a research note on Friday. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $197.00 to $208.00 and gave the stock a “hold” rating in a research 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 price target for the company. in a research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $214.25.

Marsh & McLennan Companies Trading Up 0.0 %

Shares of NYSE MMC traded up $0.01 during mid-day trading on Tuesday, reaching $219.04. 1,352,491 shares of the company’s stock were exchanged, compared to its average volume of 1,693,793. The firm has a market capitalization of $107.72 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 3.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. Marsh & McLennan Companies, Inc. has a 52-week low of $184.02 and a 52-week high of $221.71. The company’s 50-day moving average is $211.37 and its 200-day moving average is $204.22.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the company earned $2.20 EPS. Marsh & McLennan Companies’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Marsh & McLennan Companies, Inc. will post 8.72 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 15th will be paid a dividend of $0.815 per share. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date is Thursday, July 25th. This represents a $3.26 annualized dividend and a yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

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.