Morse Asset Management Inc Acquires New Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Morse Asset Management Inc acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,420 shares of the financial services provider’s stock, valued at approximately $1,116,000.

Other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. raised its stake in shares of Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $25,000. Private Wealth Management Group LLC acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in Marsh & McLennan Companies in the 1st quarter valued at approximately $27,000. Finally, Cordant Inc. acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at approximately $28,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Price Performance

MMC stock traded up $1.91 during trading on Friday, hitting $217.97. The company had a trading volume of 1,616,181 shares, compared to its average volume of 1,821,881. The company has a fifty day moving average price of $212.17 and a two-hundred day moving average price of $204.95. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $221.71. The company has a market cap of $107.19 billion, a P/E ratio of 27.66, a P/E/G ratio of 3.10 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.72 earnings per share for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 15th will be given a $0.815 dividend. This is an increase from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $3.26 annualized dividend and a yield of 1.50%. Marsh & McLennan Companies’s payout ratio is presently 41.37%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total transaction of $1,254,060.00. Following the completion of the sale, the director now owns 53,393 shares in the company, valued at $11,159,670.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the completion of the sale, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Oscar Fanjul sold 6,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $209.01, for a total value of $1,254,060.00. Following the sale, the director now owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,338 shares of company stock worth $2,187,012. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a “hold” rating in a report on Friday, April 19th. UBS Group raised their target price on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Roth Mkm lifted their price objective on Marsh & McLennan Companies from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Evercore ISI lifted their price objective on Marsh & McLennan Companies from $212.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price objective on the stock. in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $214.25.

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.