Marsh & McLennan Companies (MMC:NYE), a financial services provider, recently had LVW Advisors LLC acquire 1,253 shares of MMC stock worth $207,000 in the fourth quarter, according to SEC filings.
Several other institutional investors have also made changes to their positions in MMC, including Northern Trust Corp, which increased its position by 0.5%, Natixis, which increased its position by 62.0%, Virtus ETF Advisers LLC, which acquired a new position, Macquarie Group Ltd., which increased its position by 15.1%, and Daiwa Securities Group Inc., which increased its position by 8.5%.
As of March 27, 2023, the MMC stock opened at $160.53, with a 52-week low of $143.33 and a 52-week high of $183.14. The stock’s 50-day moving average is $166.29, and its 200-day moving average is $164.10.
Marsh & McLennan Companies also recently declared a quarterly dividend of $0.59 per share to be paid on May 15, 2023, to investors of record on April 5, 2023. The ex-dividend date is April 4, 2023. The company’s dividend payout ratio is presently 39.20%.
Insiders have also made recent transactions, with Director Oscar Fanjul selling 2,900 shares and CEO Dean Michael Klisura selling 3,140 shares of the MMC stock.
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 in two segments, Risk and Insurance Services, and Consulting.
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.
This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, strategic, economic, and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.