Connecticut Wealth Management LLC Has $815,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Connecticut Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,302 shares of the financial services provider’s stock after purchasing an additional 1,543 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $815,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MMC. AJOVista LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $56,000. Provence Wealth Management Group raised its holdings in shares of Marsh & McLennan Companies by 14.2% during the fourth quarter. Provence Wealth Management Group now owns 1,809 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 225 shares during the period. Sapient Capital LLC bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at $266,000. Axxcess Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 59.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 21,113 shares of the financial services provider’s stock worth $4,000,000 after purchasing an additional 7,869 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Marsh & McLennan Companies by 27.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 17,833 shares of the financial services provider’s stock valued at $3,379,000 after purchasing an additional 3,834 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $0.09 during mid-day trading on Friday, hitting $199.27. 1,039,890 shares of the company’s stock traded hands, compared to its average volume of 1,926,955. The stock has a market cap of $98.18 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $202.84 and a two-hundred day simple moving average of $197.48. Marsh & McLennan Companies, Inc. has a fifty-two week low of $171.47 and a fifty-two week high of $209.20.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a return on equity of 34.14% and a net margin of 16.84%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the firm posted $2.53 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is 36.04%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of Marsh & McLennan Companies stock in a transaction on Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 9,994 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $205.00, for a total value of $2,048,770.00. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,291,675. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO John Jude Jones sold 1,505 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $203.67, for a total transaction of $306,523.35. Following the sale, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at approximately $1,624,879.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,751 shares of company stock worth $7,448,163. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Wednesday, April 17th. Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. Finally, Jefferies Financial Group lifted their target price 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $207.69.

About Marsh & McLennan Companies

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.