Ceeto Capital Group LLC Invests $618,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ceeto Capital Group LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,000 shares of the financial services provider’s stock, valued at approximately $618,000.

A number of other institutional investors have also made changes to their positions in MMC. Price T Rowe Associates Inc. MD boosted its stake in Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider’s stock valued at $2,188,348,000 after purchasing an additional 380,828 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of Marsh & McLennan Companies in the first quarter valued at approximately $212,000. Epoch Investment Partners Inc. increased its position in Marsh & McLennan Companies by 47.2% during the first quarter. Epoch Investment Partners Inc. now owns 542,808 shares of the financial services provider’s stock worth $111,808,000 after acquiring an additional 174,062 shares during the period. Capital Research Global Investors raised its stake in Marsh & McLennan Companies by 5.7% during the 1st quarter. Capital Research Global Investors now owns 2,262,010 shares of the financial services provider’s stock valued at $465,929,000 after purchasing an additional 121,260 shares during the last quarter. Finally, Capital International Sarl grew its position in Marsh & McLennan Companies by 4.5% in the 1st quarter. Capital International Sarl now owns 23,640 shares of the financial services provider’s stock worth $4,869,000 after purchasing an additional 1,019 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Activity

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of Marsh & McLennan Companies stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the transaction, the senior vice president now directly owns 13,030 shares in the company, valued at $2,737,993.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Oscar Fanjul sold 6,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $209.01, for a total value of $1,254,060.00. Following the completion of the transaction, the director now directly owns 53,393 shares of the company’s stock, valued at approximately $11,159,670.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $210.13, for a total value of $455,771.97. Following the completion of the sale, the senior vice president now owns 13,030 shares in the company, valued at $2,737,993.90. The disclosure for this sale can be found here. Insiders sold 10,338 shares of company stock valued at $2,187,012 in the last quarter. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MMC. Evercore ISI increased 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. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. Morgan Stanley upped their target price on 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. Piper Sandler downgraded shares of Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada raised their price objective on shares of Marsh & McLennan Companies from $228.00 to $232.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $214.25.

Marsh & McLennan Companies Trading Up 0.9 %

Shares of MMC stock traded up $1.91 on Friday, reaching $217.97. 1,616,181 shares of the stock were exchanged, compared to its average volume of 1,821,881. The stock has a 50 day moving average price of $212.17 and a 200 day moving average price of $204.95. The stock has a market cap of $107.19 billion, a PE ratio of 27.66, a P/E/G ratio of 3.10 and a beta of 0.94. Marsh & McLennan Companies, Inc. has a one year low of $184.02 and a one year high of $221.71. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, July 18th. The financial services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Marsh & McLennan Companies had a return on equity of 33.92% and a net margin of 16.97%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.20 earnings per share. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 8.72 EPS for the current fiscal year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from Marsh & McLennan Companies’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, July 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 41.37%.

Marsh & McLennan Companies 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.