Everpar Advisors LLC Makes New Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Everpar Advisors LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,319 shares of the financial services provider’s stock, valued at approximately $439,000.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. lifted its holdings in Marsh & McLennan Companies by 343.3% in the fourth quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider’s stock valued at $25,000 after buying an additional 103 shares during the period. Altshuler Shaham Ltd acquired a new position in Marsh & McLennan Companies in the third quarter valued at approximately $27,000. Headinvest LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at approximately $28,000. Cordant Inc. acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $28,000. Finally, OFI Invest Asset Management acquired a new position in Marsh & McLennan Companies in the third quarter valued at approximately $28,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In other 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 transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $611,374.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total value of $438,138.00. Following the completion of the sale, the senior vice president now owns 14,199 shares in the company, valued at approximately $2,868,198. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stacy Mills sold 1,461 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $209.16, for a total transaction of $305,582.76. Following the completion of the sale, the vice president now owns 2,923 shares of the company’s stock, valued at approximately $611,374.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,751 shares of company stock worth $7,448,163. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

MMC stock traded down $0.13 during trading hours on Wednesday, reaching $203.58. The stock had a trading volume of 794,775 shares, compared to its average volume of 1,713,593. The stock has a market capitalization of $100.31 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.31 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 stock has a 50-day simple moving average of $202.81 and a 200 day simple moving average of $197.67. 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 announced its quarterly earnings results 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. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.53 earnings per share. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.71 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 36.04%.

Analysts Set New Price Targets

MMC has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of Marsh & McLennan Companies from $212.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. 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 note on Wednesday, April 17th. Morgan Stanley upped their target price on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Finally, TD Cowen increased their price objective on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.