HB Wealth Management LLC Purchases 1,389 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

HB Wealth Management LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,027 shares of the financial services provider's stock after buying an additional 1,389 shares during the quarter. HB Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $2,980,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MMC. Assenagon Asset Management S.A. increased its position in shares of Marsh & McLennan Companies by 7,320.9% in the fourth 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 raised its position in Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock worth $200,718,000 after buying an additional 504,897 shares during the period. International Assets Investment Management LLC grew its position in shares of Marsh & McLennan Companies by 31,846.5% in the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider's stock worth $95,430,000 after buying an additional 426,425 shares during the last quarter. Finally, Truist Financial Corp raised its holdings 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 valued at $160,563,000 after acquiring an additional 368,970 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Price Performance

MMC opened at $215.23 on Monday. The company's 50-day simple moving average is $218.62 and its two-hundred day simple moving average is $221.15. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50. The stock has a market capitalization of $105.71 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.35% of the company's stock.

Analyst Ratings Changes

MMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 10th. Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. UBS Group upped their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets upped their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and an average price target of $228.60.

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.