Beck Bode LLC Raises Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Beck Bode LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 128.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,738 shares of the financial services provider's stock after buying an additional 6,036 shares during the quarter. Beck Bode LLC's holdings in Marsh & McLennan Companies were worth $2,281,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Modera Wealth Management LLC increased its position in Marsh & McLennan Companies by 2.5% during the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 46 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management boosted its position in shares of Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after buying an additional 48 shares during the period. DF Dent & Co. Inc. grew its stake in shares of Marsh & McLennan Companies by 0.9% during the fourth quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after buying an additional 49 shares during the last quarter. Finally, New England Professional Planning Group Inc. grew its stake in Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 87.99% of the company's stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total transaction of $550,302.00. Following the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. The trade was a 14.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock valued at $16,244,986 over the last quarter. 0.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Finally, Barclays raised their price target on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $0.33 during trading hours on Tuesday, reaching $226.90. 1,688,696 shares of the company traded hands, compared to its average volume of 1,882,530. The business has a fifty day moving average price of $230.75 and a 200-day moving average price of $224.55. Marsh & McLennan Companies, Inc. has a 12-month low of $201.34 and a 12-month high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $111.80 billion, a P/E ratio of 27.70, a P/E/G ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter in the previous year, the business earned $2.89 EPS. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.44%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.95%.

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.