Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Position Lifted by Avity Investment Management Inc.

Avity Investment Management Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 202,019 shares of the financial services provider's stock after buying an additional 2,266 shares during the period. Marsh & McLennan Companies accounts for about 3.4% of Avity Investment Management Inc.'s holdings, making the stock its 10th largest holding. Avity Investment Management Inc.'s holdings in Marsh & McLennan Companies were worth $42,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of MMC. Assenagon Asset Management S.A. grew its stake 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 valued at $235,511,000 after acquiring an additional 1,093,817 shares during the period. FMR LLC increased its stake in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after buying an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock valued at $200,718,000 after acquiring an additional 504,897 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Marsh & McLennan Companies by 31,846.5% in the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after acquiring an additional 426,425 shares during the period. Finally, Truist Financial Corp grew its position in shares of Marsh & McLennan Companies by 93.9% during the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider's stock worth $160,563,000 after purchasing an additional 368,970 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an "underperform" rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $228.60.

Marsh & McLennan Companies Trading Down 0.4 %

MMC traded down $0.86 on Wednesday, reaching $212.51. 2,368,197 shares of the company traded hands, compared to its average volume of 2,093,455. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a market cap of $104.37 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.96. The firm has a fifty day simple moving average of $219.17 and a two-hundred day simple moving average of $221.15. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 earnings per share. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.53%. Marsh & McLennan Companies's payout ratio is 40.15%.

Marsh & McLennan Companies Company Profile

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.