CreativeOne Wealth LLC Acquires 19,782 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

CreativeOne Wealth LLC lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 138.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,048 shares of the financial services provider’s stock after buying an additional 19,782 shares during the quarter. CreativeOne Wealth LLC’s holdings in Marsh & McLennan Companies were worth $7,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MMC. Louisbourg Investments Inc. increased its position in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after buying an additional 3,300 shares during the period. Czech National Bank grew its stake in Marsh & McLennan Companies by 6.3% during the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock valued at $22,618,000 after acquiring an additional 6,310 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Marsh & McLennan Companies by 9.4% in the 4th quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock worth $40,679,000 after purchasing an additional 16,464 shares in the last quarter. Brentview Investment Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $3,635,000. Finally, Occidental Asset Management LLC grew its position in shares of Marsh & McLennan Companies by 8.7% during the 4th quarter. Occidental Asset Management LLC now owns 19,359 shares of the financial services provider’s stock valued at $4,112,000 after purchasing an additional 1,555 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MMC shares. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective for the company. Barclays boosted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday. Jefferies Financial Group raised their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research note on Friday. UBS Group increased their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $236.12.

Insiders Place Their Bets

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,634 shares of company stock worth $16,244,986. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $233.52 on Monday. 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, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $248.00. The company has a market capitalization of $115.10 billion, a P/E ratio of 28.51, a PEG ratio of 2.70 and a beta of 0.85. The stock has a 50 day moving average price of $232.84 and a two-hundred day moving average price of $224.62.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.80%.

About Marsh & McLennan Companies

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.