First Horizon Advisors Inc. Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

First Horizon Advisors Inc. boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 515 shares of the financial services provider’s stock after purchasing an additional 62 shares during the quarter. First Horizon Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $98,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MMC. Massmutual Trust Co. FSB ADV raised its holdings in Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock valued at $343,000 after buying an additional 56 shares during the period. Drive Wealth Management LLC raised its position in Marsh & McLennan Companies by 4.7% in the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 61 shares during the period. Summit Financial LLC boosted its position in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Summit Financial LLC now owns 7,365 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 61 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in Marsh & McLennan Companies by 1.4% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock worth $911,000 after acquiring an additional 66 shares in the last quarter. Finally, Cigna Investments Inc. New grew its position in Marsh & McLennan Companies by 1.2% in the fourth quarter. Cigna Investments Inc. New now owns 5,378 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,291,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Dean Michael Klisura sold 9,994 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,291,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $6,762,205.62. The disclosure for this sale can be found here. In the last three months, insiders sold 36,751 shares of company stock valued at $7,448,163. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MMC. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. UBS Group increased their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. 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 research report on Friday, April 19th. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, TD Cowen boosted their target price on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $201.52 on Tuesday. Marsh & McLennan Companies, Inc. has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a market cap of $99.29 billion, a P/E ratio of 25.57, a PEG ratio of 3.31 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 stock has a fifty day moving average price of $202.80 and a 200 day moving average price of $197.56.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results 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 firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. Marsh & McLennan Companies’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.53 EPS. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

About Marsh & McLennan Companies

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.