Fulton Breakefield Broenniman LLC Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fulton Breakefield Broenniman LLC lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,609 shares of the financial services provider’s stock after buying an additional 1,207 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Marsh & McLennan Companies were worth $12,620,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV increased its stake in shares of Marsh & McLennan Companies by 3.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 56 shares during the last quarter. PDS Planning Inc grew its holdings in shares of Marsh & McLennan Companies by 2.6% during the 3rd quarter. PDS Planning Inc now owns 2,210 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 57 shares during the period. Drive Wealth Management LLC grew its holdings in shares of Marsh & McLennan Companies by 4.7% during the 4th quarter. Drive Wealth Management LLC now owns 1,361 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 61 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Marsh & McLennan Companies by 1.4% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,785 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 66 shares during the period. Finally, Cigna Investments Inc. New grew its holdings in shares of Marsh & McLennan Companies by 1.2% during the 4th quarter. Cigna Investments Inc. New now owns 5,378 shares of the financial services provider’s stock worth $1,019,000 after purchasing an additional 66 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $197.95 on Friday. The stock has a 50-day simple moving average of $203.10 and a 200-day simple moving average of $197.16. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $97.53 billion, a PE ratio of 25.12, a PEG ratio of 3.30 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the company earned $2.53 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

Insider Transactions at Marsh & McLennan Companies

In other news, SVP Paul Beswick sold 2,169 shares of the firm’s stock in a transaction dated 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 owns 14,199 shares of the company’s stock, valued at approximately $2,868,198. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,461 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,868,198. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,751 shares of company stock valued at $7,448,163. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MMC shares. UBS Group increased their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a report on Wednesday, April 17th. The Goldman Sachs Group cut Marsh & McLennan Companies from a “buy” rating to a “sell” rating and lowered their target price for the company from $215.00 to $185.00 in a report on Monday, January 8th. Morgan Stanley raised their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $207.69.

Marsh & McLennan Companies Company 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 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.