Marsh & McLennan Companies (NYSE:MMC) Sets New 1-Year High at $209.38

Marsh & McLennan Companies, Inc. (NYSE:MMC - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $209.38 and last traded at $209.18, with a volume of 870401 shares. The stock had previously closed at $206.33.

Analyst Ratings Changes

Several brokerages have recently weighed in on MMC. Piper Sandler lowered shares of Marsh & McLennan Companies from an "overweight" rating to a "neutral" rating and set a $211.00 target price on the stock. in a research report on Wednesday, April 17th. JPMorgan Chase & Co. upped 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. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a "hold" rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an "underperform" rating in a report on Wednesday, April 10th. Finally, Evercore ISI increased their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an "outperform" rating in a research report on Thursday, April 11th. 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 company's stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $208.73.

Marsh & McLennan Companies Stock Up 1.3 %

The business's fifty day simple moving average is $203.08 and its 200 day simple moving average is $198.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $103.01 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.53 earnings per share. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, April 3rd. Marsh & McLennan Companies's payout ratio is presently 36.04%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business's stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the stock in a transaction dated Thursday, March 14th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martine Ferland sold 9,128 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total value of $1,840,478.64. Following the completion of the sale, the chief executive officer now owns 9,979 shares in the company, valued at $2,012,065.77. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On Marsh & McLennan Companies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Westover Capital Advisors LLC grew its position in shares of Marsh & McLennan Companies by 3.0% during the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider's stock worth $349,000 after purchasing an additional 53 shares in the last quarter. Evoke Wealth LLC boosted its stake in shares of Marsh & McLennan Companies by 4.4% in the fourth quarter. Evoke Wealth LLC now owns 1,258 shares of the financial services provider's stock valued at $238,000 after buying an additional 53 shares during the period. RDA Financial Network grew its position in Marsh & McLennan Companies by 3.1% during the first quarter. RDA Financial Network now owns 1,762 shares of the financial services provider's stock worth $363,000 after buying an additional 53 shares in the last quarter. Optas LLC raised its holdings in Marsh & McLennan Companies by 2.9% in the 1st quarter. Optas LLC now owns 1,880 shares of the financial services provider's stock valued at $387,000 after acquiring an additional 53 shares in the last quarter. Finally, Strategic Blueprint LLC lifted its position in shares of Marsh & McLennan Companies by 1.6% during the 1st quarter. Strategic Blueprint LLC now owns 3,411 shares of the financial services provider's stock valued at $703,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

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.

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