898 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 898 shares of the financial services provider’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Blueprint LLC boosted its position in shares of Marsh & McLennan Companies by 6.5% during the 3rd quarter. Strategic Blueprint LLC now owns 3,917 shares of the financial services provider’s stock valued at $874,000 after acquiring an additional 240 shares during the last quarter. Fortitude Family Office LLC boosted its position in shares of Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 45 shares during the last quarter. abrdn plc boosted its position in shares of Marsh & McLennan Companies by 3.1% during the 3rd quarter. abrdn plc now owns 665,006 shares of the financial services provider’s stock valued at $148,439,000 after acquiring an additional 19,985 shares during the last quarter. Strategic Wealth Investment Group LLC boosted its position in shares of Marsh & McLennan Companies by 73.0% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 59,753 shares of the financial services provider’s stock valued at $13,312,000 after acquiring an additional 25,211 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 14.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 178,967 shares of the financial services provider’s stock valued at $39,926,000 after acquiring an additional 22,705 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $221.15 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a fifty day moving average price of $225.39 and a 200 day moving average price of $216.10. Marsh & McLennan Companies, Inc. has a 1-year low of $184.28 and a 1-year high of $232.32. The company has a market cap of $108.61 billion, a PE ratio of 27.24, a P/E/G ratio of 3.33 and a beta of 0.94.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 8.7 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, October 4th. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MMC shares. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets boosted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Barclays began coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $236.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $225.33.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 5,200 shares of Marsh & McLennan Companies stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at approximately $7,578,560.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Stacy Mills sold 4,101 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $225.77, for a total value of $925,882.77. Following the completion of the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark C. Mcgivney sold 5,200 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $225.03, for a total transaction of $1,170,156.00. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at approximately $7,578,560.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,566 shares of company stock worth $4,420,137. Insiders own 0.30% of the company’s stock.

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.