Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 36.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,543 shares of the financial services provider’s stock after purchasing an additional 415 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $1,236,186,000. Amundi grew its stake in shares of Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock valued at $860,824,000 after buying an additional 1,823,807 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after buying an additional 1,093,817 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $207,278,000. Finally, Proficio Capital Partners LLC grew its position in Marsh & McLennan Companies by 29,648.6% in the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock worth $146,346,000 after acquiring an additional 686,662 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday. They issued a “buy” rating and a $281.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $233.41.

Marsh & McLennan Companies Trading Down 0.4 %

Shares of NYSE:MMC opened at $242.39 on Friday. The company has a market cap of $119.04 billion, a PE ratio of 29.60, a P/E/G ratio of 2.70 and a beta of 0.95. The company’s 50 day moving average is $229.65 and its two-hundred day moving average is $224.17. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $243.89. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This represents a 25.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,828 shares of company stock valued at $13,350,279. 0.30% of the stock is currently owned by insiders.

About Marsh & McLennan Companies

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.