Lindbrook Capital LLC Has $319,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Lindbrook Capital LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 32.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,684 shares of the financial services provider’s stock after buying an additional 414 shares during the quarter. Lindbrook Capital LLC’s holdings in Marsh & McLennan Companies were worth $319,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. abrdn plc boosted its stake in Marsh & McLennan Companies by 18.0% in the fourth quarter. abrdn plc now owns 643,918 shares of the financial services provider’s stock worth $122,003,000 after purchasing an additional 98,079 shares in the last quarter. Geneva Partners LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $1,843,000. Wetzel Investment Advisors Inc. acquired a new position in Marsh & McLennan Companies during the 4th quarter worth $73,000. Greenleaf Trust boosted its position in Marsh & McLennan Companies by 2.7% in the 4th quarter. Greenleaf Trust now owns 9,772 shares of the financial services provider’s stock valued at $1,852,000 after buying an additional 256 shares during the last quarter. Finally, HTLF Bank acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at $278,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $202.41 on Monday. The firm’s 50 day moving average is $202.86 and its 200-day moving average is $196.91. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $99.73 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 12-month low of $171.47 and a 12-month high of $209.20.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last issued its quarterly 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. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the previous year, the business earned $2.53 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.64 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MMC. Evercore ISI raised their price target on Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley boosted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $204.87.

Read Our Latest Research Report on MMC

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the sale, the senior vice president now owns 14,199 shares in the company, valued at approximately $2,868,198. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the sale, the senior vice president now directly owns 14,199 shares in the company, valued at approximately $2,868,198. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,751 shares of company stock valued at $7,448,163. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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