James Hambro & Partners Reduces Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)


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James Hambro & Partners reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,186 shares of the financial services provider’s stock after selling 2,840 shares during the period. James Hambro & Partners’ holdings in Marsh & McLennan Companies were worth $1,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MMC. IHT Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $218,000. Van ECK Associates Corp grew its position in shares of Marsh & McLennan Companies by 7.9% during the third quarter. Van ECK Associates Corp now owns 7,701 shares of the financial services provider’s stock worth $883,000 after acquiring an additional 566 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Marsh & McLennan Companies by 11.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 19,815 shares of the financial services provider’s stock worth $2,273,000 after acquiring an additional 2,096 shares during the last quarter. Rockland Trust Co. grew its position in shares of Marsh & McLennan Companies by 37.4% during the fourth quarter. Rockland Trust Co. now owns 2,792 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 760 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of Marsh & McLennan Companies by 13.9% during the fourth quarter. Private Trust Co. NA now owns 12,412 shares of the financial services provider’s stock worth $1,452,000 after acquiring an additional 1,514 shares during the last quarter. Institutional investors and hedge funds own 86.56% of the company’s stock.

In related news, CFO Mark C. Mcgivney sold 6,125 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $115.28, for a total transaction of $706,090.00. 0.90% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on the company. Citigroup increased their price target on Marsh & McLennan Companies from $125.00 to $130.00 in a report on Wednesday, March 31st. Raymond James reissued a “market perform” rating on shares of Marsh & McLennan Companies in a report on Wednesday, April 21st. Piper Sandler raised Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $115.00 to $145.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Marsh & McLennan Companies from $115.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 28th. Finally, Credit Suisse Group raised Marsh & McLennan Companies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $120.00 to $130.00 in a report on Monday, January 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $128.67.

MMC opened at $135.30 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $68.80 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 3.88 and a beta of 0.86. The business has a 50-day moving average of $124.53 and a two-hundred day moving average of $116.42. Marsh & McLennan Companies, Inc. has a 12 month low of $96.77 and a 12 month high of $137.12.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Monday, April 26th. The financial services provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.71 by $0.28. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.79 billion. Marsh & McLennan Companies had a return on equity of 31.20% and a net margin of 11.91%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 4.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Wednesday, April 7th will be issued a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, April 6th. Marsh & McLennan Companies’s payout ratio is currently 39.91%.

Marsh & McLennan Companies Profile

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.

Further Reading: Special Dividends

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

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