Obermeyer Wood Investment Counsel Lllp Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Obermeyer Wood Investment Counsel Lllp purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 1,024 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in MMC. Valley National Advisers Inc. boosted its position in Marsh & McLennan Companies by 343.3% during the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in Marsh & McLennan Companies during the first quarter valued at approximately $25,000. Private Wealth Management Group LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $26,000. Headinvest LLC purchased a new position in Marsh & McLennan Companies during the third quarter valued at approximately $28,000. Finally, Cordant Inc. purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.5 %

NYSE MMC traded up $1.01 on Friday, reaching $218.35. 1,364,072 shares of the company were exchanged, compared to its average volume of 1,688,340. The business’s fifty day moving average price is $209.64 and its 200 day moving average price is $202.81. The stock has a market capitalization of $107.59 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $219.71.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.09. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 earnings per share. Analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, July 25th. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. Marsh & McLennan Companies’s payout ratio is 36.04%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MMC. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, April 19th. TD Cowen boosted their price objective on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Piper Sandler cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research report on Wednesday, April 17th. Finally, Morgan Stanley boosted their price objective on Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $213.60.

Insider Activity

In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total value of $455,771.97. Following the transaction, the senior vice president now owns 13,030 shares of the company’s stock, valued at approximately $2,737,993.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares in the company, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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 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.