Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,918 shares of the financial services provider's stock after purchasing an additional 16,238 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.06% of Marsh & McLennan Companies worth $67,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MMC. JPMorgan Chase & Co. increased its holdings in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after purchasing an additional 184,239 shares in the last quarter. Pallas Capital Advisors LLC increased its position in shares of Marsh & McLennan Companies by 31.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,626 shares of the financial services provider's stock valued at $345,000 after buying an additional 393 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies by 3.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,965 shares of the financial services provider's stock worth $417,000 after buying an additional 74 shares in the last quarter. Pines Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $258,000. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Marsh & McLennan Companies by 36.1% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 6,435 shares of the financial services provider's stock valued at $1,367,000 after purchasing an additional 1,708 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group raised their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Barclays upped their target price on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Finally, Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Two research 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, the stock presently has an average rating of "Hold" and a consensus price target of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,317 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This represents a 31.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 in the last three months. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $227.14 on Friday. The firm has a market capitalization of $111.92 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a one year low of $201.77 and a one year high of $248.00. The stock's 50 day moving average price is $229.25 and its 200 day moving average price is $224.74. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same period last year, the business earned $2.89 EPS. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.815 per share. The ex-dividend date was Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

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.

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