Stephens Inc. AR Acquires 572 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Stephens Inc. AR raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 30.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,480 shares of the financial services provider’s stock after purchasing an additional 572 shares during the period. Stephens Inc. AR’s holdings in Marsh & McLennan Companies were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Marsh & McLennan Companies by 7.4% in the 4th quarter. BlackRock Inc. now owns 43,136,914 shares of the financial services provider’s stock valued at $7,498,062,000 after purchasing an additional 2,986,547 shares during the period. State Street Corp raised its position in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. State Street Corp now owns 24,011,909 shares of the financial services provider’s stock valued at $4,173,750,000 after buying an additional 860,365 shares in the last quarter. Capital World Investors raised its position in shares of Marsh & McLennan Companies by 0.4% in the 4th quarter. Capital World Investors now owns 17,341,095 shares of the financial services provider’s stock valued at $3,014,211,000 after buying an additional 72,889 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Marsh & McLennan Companies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 8,525,869 shares of the financial services provider’s stock valued at $1,478,000,000 after buying an additional 289,381 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Marsh & McLennan Companies by 25.3% in the 4th quarter. Deutsche Bank AG now owns 4,004,519 shares of the financial services provider’s stock valued at $696,065,000 after buying an additional 807,944 shares in the last quarter. Institutional investors own 88.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley cut shares of Marsh & McLennan Companies from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $163.00 to $145.00 in a research report on Friday, June 3rd. Jefferies Financial Group lowered their price objective on shares of Marsh & McLennan Companies from $198.00 to $181.00 and set a “buy” rating for the company in a research report on Tuesday, July 12th. Piper Sandler upped their price objective on shares of Marsh & McLennan Companies from $185.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. StockNews.com cut shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, July 12th. They set a “buy” rating and a $182.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $177.00.

Marsh & McLennan Companies Trading Up 2.2 %

Shares of NYSE MMC opened at $165.39 on Thursday. The firm has a 50 day moving average price of $155.13 and a two-hundred day moving average price of $158.08. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.16. Marsh & McLennan Companies, Inc. has a 52-week low of $142.80 and a 52-week high of $183.14. The stock has a market cap of $83.01 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMCGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.03. Marsh & McLennan Companies had a net margin of 16.36% and a return on equity of 31.24%. The company had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the firm posted $1.75 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 6.8 EPS for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Thursday, July 28th will be paid a $0.59 dividend. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, July 27th. Marsh & McLennan Companies’s dividend payout ratio is currently 35.60%.

Marsh & McLennan Companies Profile

(Get Rating)

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 in two segments, Risk and Insurance Services, and Consulting. 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, catastrophe and financial modeling, and related advisory services; and insurance program management services.

See Also

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

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