19,775 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Burling Wealth Partners LLC

Burling Wealth Partners LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,775 shares of the financial services provider's stock, valued at approximately $4,200,000.

Several other institutional investors and hedge funds have also bought and sold shares of MMC. Morse Asset Management Inc bought a new position in Marsh & McLennan Companies during the third quarter valued at $75,000. Virtu Financial LLC grew its holdings in Marsh & McLennan Companies by 1.3% during the third quarter. Virtu Financial LLC now owns 12,756 shares of the financial services provider's stock valued at $2,846,000 after purchasing an additional 167 shares during the period. Te Ahumairangi Investment Management Ltd grew its holdings in Marsh & McLennan Companies by 3.6% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 10,499 shares of the financial services provider's stock valued at $2,329,000 after purchasing an additional 360 shares during the period. Anchor Investment Management LLC grew its holdings in Marsh & McLennan Companies by 487.5% during the third quarter. Anchor Investment Management LLC now owns 517 shares of the financial services provider's stock valued at $115,000 after purchasing an additional 429 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in shares of Marsh & McLennan Companies by 29.9% in the third quarter. World Investment Advisors LLC now owns 17,223 shares of the financial services provider's stock worth $3,842,000 after acquiring an additional 3,962 shares during the period. 87.99% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 9,569 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $245.00, for a total value of $2,344,405.00. Following the sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $5,129,075. This trade represents a 31.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on MMC shares. Raymond James restated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Wells Fargo & Company upped their price target on 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. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target on the stock. Finally, Barclays upped their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Price Performance

MMC traded down $0.30 during midday trading on Tuesday, hitting $220.16. The stock had a trading volume of 725,983 shares, compared to its average volume of 2,240,302. The company has a market cap of $108.48 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The business has a fifty day moving average of $231.57 and a 200 day moving average of $224.59. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 1 year low of $196.72 and a 1 year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.04. The business 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 prior year, the firm earned $2.89 earnings per share. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed 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. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 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.