Transce3nd LLC Buys Shares of 183 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Transce3nd LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, Holdings Channel.com reports. The firm purchased 183 shares of the financial services provider’s stock, valued at approximately $39,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth $75,000. Virtu Financial LLC raised its stake in Marsh & McLennan Companies by 1.3% during the third quarter. Virtu Financial LLC now owns 12,756 shares of the financial services provider’s stock worth $2,846,000 after acquiring an additional 167 shares in the last quarter. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Marsh & McLennan Companies by 3.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 10,499 shares of the financial services provider’s stock worth $2,329,000 after acquiring an additional 360 shares during the last quarter. Anchor Investment Management LLC boosted its stake in shares of Marsh & McLennan Companies by 487.5% in the 3rd quarter. Anchor Investment Management LLC now owns 517 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 429 shares in the last quarter. Finally, World Investment Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 29.9% during the third quarter. World Investment Advisors LLC now owns 17,223 shares of the financial services provider’s stock worth $3,842,000 after buying an additional 3,962 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $219.61 on Wednesday. The business has a 50-day moving average price of $232.39 and a two-hundred day moving average price of $224.70. Marsh & McLennan Companies, Inc. has a 1-year low of $196.72 and a 1-year high of $248.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $108.25 billion, a P/E ratio of 26.81, a PEG ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter last year, the firm posted $2.89 earnings per share. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. Marsh & McLennan Companies’s payout ratio is presently 39.95%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MMC shares. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a report on Monday. Barclays boosted their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. Finally, Jefferies Financial Group raised their price target 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, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $241.93.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares of the company’s stock, valued at approximately $3,326,412. This represents a 14.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Company Profile

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.