TFO Wealth Partners LLC Acquires 2,872 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

TFO Wealth Partners LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 143,600.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,874 shares of the financial services provider’s stock after purchasing an additional 2,872 shares during the quarter. TFO Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Westover Capital Advisors LLC raised its position in shares of Marsh & McLennan Companies by 3.0% in the 4th quarter. Westover Capital Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 53 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Marsh & McLennan Companies by 3.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,808 shares of the financial services provider’s stock worth $343,000 after buying an additional 56 shares in the last quarter. Baader Bank Aktiengesellschaft increased its position in shares of Marsh & McLennan Companies by 1.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 3,129 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 56 shares in the last quarter. InterOcean Capital Group LLC lifted its position in Marsh & McLennan Companies by 2.3% in the 4th quarter. InterOcean Capital Group LLC now owns 2,454 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 56 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Marsh & McLennan Companies by 1.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,594 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MMC. Piper Sandler downgraded Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $211.00 price target on the stock. in a report on Wednesday, April 17th. TD Cowen lifted their price target on shares of Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. UBS Group increased their price target on Marsh & McLennan Companies from $236.00 to $238.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on Marsh & McLennan Companies from $185.00 to $188.00 and gave the company an “underperform” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $210.27.

Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction 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 $4,291,675. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Dean Michael Klisura sold 9,994 shares of the business’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 sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark C. Mcgivney sold 12,494 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The disclosure for this sale can be found here. Insiders have sold a total of 38,920 shares of company stock worth $7,903,935 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

MMC opened at $204.40 on Friday. The firm has a market cap of $100.71 billion, a P/E ratio of 25.94, a PEG ratio of 2.87 and a beta of 0.90. Marsh & McLennan Companies, Inc. has a 1-year low of $171.47 and a 1-year high of $211.53. The company has a 50 day simple moving average of $203.33 and a two-hundred day simple moving average of $199.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $2.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.38 billion. Marsh & McLennan Companies’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.53 EPS. Equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 36.04%.

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.