Running Oak Capital LLC Boosts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Running Oak Capital LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 46,916 shares of the financial services provider’s stock after acquiring an additional 6,049 shares during the quarter. Running Oak Capital LLC’s holdings in Marsh & McLennan Companies were worth $8,889,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its stake in Marsh & McLennan Companies by 12.4% during the third quarter. Commonwealth Equity Services LLC now owns 83,403 shares of the financial services provider’s stock worth $15,872,000 after purchasing an additional 9,209 shares in the last quarter. Vicus Capital acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $256,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Marsh & McLennan Companies by 16.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,534 shares of the financial services provider’s stock valued at $2,005,000 after acquiring an additional 1,522 shares in the last quarter. Raymond James & Associates raised its stake in shares of Marsh & McLennan Companies by 0.8% in the third quarter. Raymond James & Associates now owns 917,796 shares of the financial services provider’s stock valued at $174,657,000 after acquiring an additional 7,454 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Marsh & McLennan Companies by 9.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 61,152 shares of the financial services provider’s stock valued at $11,637,000 after acquiring an additional 5,164 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded down $0.41 during mid-day trading on Thursday, hitting $199.36. 1,821,455 shares of the company’s stock were exchanged, compared to its average volume of 1,744,036. Marsh & McLennan Companies, Inc. has a fifty-two week low of $171.47 and a fifty-two week high of $209.20. The firm has a market capitalization of $98.23 billion, a P/E ratio of 25.27, a P/E/G ratio of 3.33 and a beta of 0.90. The business’s 50 day moving average is $203.03 and its two-hundred day moving average is $197.32. 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 (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 earnings per share. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a $0.71 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies’s payout ratio is currently 36.04%.

Insider Activity at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,461 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $209.16, for a total value of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $611,374.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $209.16, for a total transaction of $305,582.76. Following the sale, the vice president now owns 2,923 shares of the company’s stock, valued at $611,374.68. The disclosure for this sale can be found here. Insiders sold a total of 36,751 shares of company stock worth $7,448,163 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of several recent analyst reports. UBS Group increased 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. Keefe, Bruyette & Woods increased their target price on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a report on Wednesday, April 10th. Piper Sandler lowered Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a report on Wednesday, April 17th. TD Cowen increased their target price on Marsh & McLennan Companies from $189.00 to $201.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $207.69.

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.