World Investment Advisors Boosts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

World Investment Advisors boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,221 shares of the financial services provider’s stock after acquiring an additional 998 shares during the quarter. World Investment Advisors’ holdings in Marsh & McLennan Companies were worth $3,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its stake in Marsh & McLennan Companies by 2.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,489 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 126 shares during the period. IHT Wealth Management LLC increased its position in shares of Marsh & McLennan Companies by 30.8% during the third quarter. IHT Wealth Management LLC now owns 3,460 shares of the financial services provider’s stock worth $772,000 after acquiring an additional 814 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $75,000. Mission Creek Capital Partners Inc. acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth $320,000. Finally, Point72 Asset Management L.P. purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $23,507,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Stacy Mills sold 1,317 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. This represents a 31.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $245.00, for a total transaction of $2,344,405.00. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company’s stock, valued at $5,129,075. This trade represents a 31.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,397 shares of company stock valued at $15,694,684 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.2 %

NYSE MMC opened at $244.18 on Friday. The firm’s fifty day moving average is $231.79 and its two-hundred day moving average is $224.55. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $246.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $119.93 billion, a PE ratio of 29.81, a P/E/G ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data 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%. Analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.34%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased 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. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective for the company. Raymond James restated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $233.41.

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.