Fiduciary Family Office LLC Takes $1.06 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Key Points

• Fiduciary Family Office LLC purchased 4,341 shares of Marsh & McLennan Companies, valued at approximately $1,059,000, during the first quarter of 2023.
• Marsh & McLennan recently increased its quarterly dividend from $0.82 to $0.90 per share, representing an annualized yield of 1.8%.
• The company reported a net margin of 16.00% and a return on equity of 31.90%, with quarterly revenues reaching $6.97 billion, an increase of 12.1% year-over-year.

Fiduciary Family Office LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,341 shares of the financial services provider's stock, valued at approximately $1,059,000.

Several other large investors have also modified their holdings of MMC. Brighton Jones LLC raised its holdings in shares of Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at approximately $37,178,000. Federated Hermes Inc. increased its stake in shares of Marsh & McLennan Companies by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 16,415 shares of the financial services provider's stock worth $3,487,000 after acquiring an additional 161 shares during the period. Advisory Services Network LLC increased its stake in shares of Marsh & McLennan Companies by 6.0% in the fourth quarter. Advisory Services Network LLC now owns 8,839 shares of the financial services provider's stock worth $1,877,000 after acquiring an additional 502 shares during the period. Finally, Covestor Ltd increased its stake in shares of Marsh & McLennan Companies by 29.1% in the fourth quarter. Covestor Ltd now owns 231 shares of the financial services provider's stock worth $49,000 after acquiring an additional 52 shares during the period. Institutional investors own 87.99% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MMC. Barclays lowered their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st. Wells Fargo & Company cut their price objective on shares of Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating for the company in a research report on Friday, July 18th. Finally, UBS Group cut their price objective on shares of Marsh & McLennan Companies from $261.00 to $258.00 and set a "buy" rating for the company in a research report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $239.79.

Marsh & McLennan Companies Stock Down 0.1%

Marsh & McLennan Companies stock traded down $0.30 during trading on Monday, reaching $203.37. The stock had a trading volume of 2,715,884 shares, compared to its average volume of 2,900,250. Marsh & McLennan Companies, Inc. has a 52-week low of $196.27 and a 52-week high of $248.00. The business has a 50 day moving average price of $213.10 and a 200 day moving average price of $223.77. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.19. The stock has a market cap of $99.98 billion, a PE ratio of 24.39, a P/E/G ratio of 2.54 and a beta of 0.77.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.41 earnings per share. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 24th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, July 24th. This is a positive change from Marsh & McLennan Companies's previous quarterly dividend of $0.82. Marsh & McLennan Companies's dividend payout ratio is presently 43.17%.

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.