V Wealth Advisors LLC Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Posted by Defense World Staff on Mar 31st, 2023

V Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,290 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors grew its holdings in Marsh & McLennan Companies by 331.5% during the first quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock valued at $311,962,000 after purchasing an additional 1,406,293 shares during the period. First Trust Advisors LP increased its holdings in Marsh & McLennan Companies by 133.1% in the 1st quarter. First Trust Advisors LP now owns 1,297,356 shares of the financial services provider’s stock worth $221,095,000 after acquiring an additional 740,778 shares in the last quarter. BlackRock Inc. raised its stake in Marsh & McLennan Companies by 1.7% during the 3rd quarter. BlackRock Inc. now owns 41,313,574 shares of the financial services provider’s stock worth $6,167,702,000 after acquiring an additional 693,039 shares during the period. Balyasny Asset Management LLC raised its stake in Marsh & McLennan Companies by 5,963.3% during the 3rd quarter. Balyasny Asset Management LLC now owns 618,640 shares of the financial services provider’s stock worth $92,357,000 after acquiring an additional 608,437 shares during the period. Finally, Bank of Montreal Can raised its stake in Marsh & McLennan Companies by 104.9% during the 3rd quarter. Bank of Montreal Can now owns 1,103,004 shares of the financial services provider’s stock worth $166,321,000 after acquiring an additional 564,787 shares during the period. 87.30% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.2 %

NYSE MMC opened at $164.88 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $81.54 billion, a P/E ratio of 27.39, a P/E/G ratio of 2.56 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a one year low of $143.33 and a one year high of $183.14. The stock has a 50 day moving average price of $165.67 and a 200-day moving average price of $164.05.

Marsh & McLennan Companies (NYSE:MMC – Get Rating) last posted its earnings results on Thursday, January 26th. The financial services provider reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.07. The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.23 billion. Marsh & McLennan Companies had a return on equity of 32.45% and a net margin of 14.72%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 EPS. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 7.49 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Wednesday, April 5th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 4th. This represents a $2.36 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s payout ratio is presently 39.20%.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,900 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total transaction of $503,730.00. Following the sale, the director now owns 75,447 shares in the company, valued at approximately $13,105,143.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Oscar Fanjul sold 2,900 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total transaction of $503,730.00. Following the sale, the director now owns 75,447 shares in the company, valued at approximately $13,105,143.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dean Michael Klisura sold 3,140 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $165.22, for a total value of $518,790.80. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $3,458,880.70. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on MMC. Raymond James raised their target price on shares of Marsh & McLennan Companies from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. StockNews.com began coverage on shares of Marsh & McLennan Companies in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Royal Bank of Canada raised their target price on shares of Marsh & McLennan Companies from $170.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Friday, January 27th. BMO Capital Markets initiated coverage on shares of Marsh & McLennan Companies in a report on Thursday, January 19th. They issued a “market perform” rating and a $168.00 target price on the stock. Finally, Jefferies Financial Group lowered shares of Marsh & McLennan Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $181.00 to $178.00 in a research report on Monday, January 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $178.62.

Marsh & McLennan Companies Company Profile

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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.