US Asset Management LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

US Asset Management LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,017 shares of the financial services provider's stock, valued at approximately $1,140,000. Marsh & McLennan Companies comprises about 1.1% of US Asset Management LLC's holdings, making the stock its 19th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC grew its holdings 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. Massmutual Trust Co. FSB ADV raised its position 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 purchasing an additional 56 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Marsh & McLennan Companies by 1.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,594 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 58 shares during the last quarter. Drive Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 4.7% during the fourth quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider's stock worth $258,000 after acquiring an additional 61 shares during the last quarter. Finally, Summit Financial LLC grew its stake in Marsh & McLennan Companies by 0.8% during the fourth quarter. Summit Financial LLC now owns 7,365 shares of the financial services provider's stock worth $1,396,000 after purchasing an additional 61 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded up $0.71 during mid-day trading on Friday, reaching $205.55. The stock had a trading volume of 921,241 shares, compared to its average volume of 1,694,083. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $209.20. 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 firm has a market cap of $101.28 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.31 and a beta of 0.90. The business's fifty day moving average is $202.82 and its 200-day moving average is $197.76.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (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%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.53 earnings per share. 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 announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.38%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is 36.04%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MMC. Keefe, Bruyette & Woods boosted their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Friday, April 19th. TD Cowen boosted their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. Piper Sandler downgraded Marsh & McLennan Companies from an "overweight" rating to a "neutral" rating and set a $211.00 price target for the company. in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a "sector perform" rating in a research note on Friday, April 19th. Two 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, the stock currently has an average rating of "Hold" and an average price target of $207.69.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Stacy Mills sold 1,461 shares of the company's 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 directly owns 2,923 shares of the company's stock, valued at approximately $611,374.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO John Jude Jones sold 1,505 shares of the company's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $203.67, for a total value of $306,523.35. Following the transaction, the chief marketing officer now directly owns 7,978 shares of the company's stock, valued at $1,624,879.26. The disclosure for this sale can be found here. Insiders have sold a total of 36,751 shares of company stock worth $7,448,163 over the last quarter. 0.35% of the stock is currently owned by corporate insiders.

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.