Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,765 shares of the financial services provider's stock after purchasing an additional 9,653 shares during the period. Xponance Inc.'s holdings in Marsh & McLennan Companies were worth $25,344,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Tilt Investment Management Holdings PBC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at approximately $386,000. Cambridge Trust Co. boosted its holdings in Marsh & McLennan Companies by 5.0% during the fourth quarter. Cambridge Trust Co. now owns 1,906 shares of the financial services provider's stock worth $361,000 after buying an additional 90 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Marsh & McLennan Companies by 61.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,145 shares of the financial services provider's stock valued at $217,000 after purchasing an additional 434 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Marsh & McLennan Companies by 7.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 45,346 shares of the financial services provider's stock valued at $8,592,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $589,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MMC shares. Wells Fargo & Company cut shares of Marsh & McLennan Companies from an "overweight" rating to an "equal weight" rating and set a $212.00 price objective for the company. in a research report on Thursday, April 11th. Evercore ISI boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. TD Cowen began coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a "market perform" rating and a $189.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $204.73.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now owns 33,678 shares of the company's stock, valued at approximately $6,762,205.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Martine Ferland sold 9,128 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $201.63, for a total transaction of $1,840,478.64. Following the transaction, the chief executive officer now directly owns 9,979 shares of the company's stock, valued at $2,012,065.77. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark C. Mcgivney sold 12,494 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,751 shares of company stock valued at $7,448,163. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of MMC traded up $4.03 during midday trading on Thursday, hitting $201.65. The company's stock had a trading volume of 3,707,944 shares, compared to its average volume of 1,726,958. The stock has a market capitalization of $99.52 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.56 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $209.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The company's fifty day simple moving average is $202.77 and its two-hundred day simple moving average is $196.72.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.09. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 33.72% and a net margin of 16.52%. Marsh & McLennan Companies's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 earnings per share. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.58 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.41%. Marsh & McLennan Companies's payout ratio is presently 37.72%.

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.