Independent Advisor Alliance Has $985,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Independent Advisor Alliance raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 119.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,635 shares of the financial services provider’s stock after purchasing an additional 2,523 shares during the period. Independent Advisor Alliance’s holdings in Marsh & McLennan Companies were worth $985,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MMC. Financial Life Planners acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $38,000. Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $45,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MMC. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $231.71 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average price of $224.84 and a two-hundred day moving average price of $223.61. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84. The company has a market cap of $113.80 billion, a P/E ratio of 28.29, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,828 shares of company stock worth $13,350,279 in the last three months. Company insiders own 0.30% of the company’s stock.

About Marsh & McLennan Companies

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.