Annex Advisory Services LLC Purchases 1,288 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Annex Advisory Services LLC increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,300 shares of the financial services provider's stock after acquiring an additional 1,288 shares during the period. Annex Advisory Services LLC's holdings in Marsh & McLennan Companies were worth $15,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MMC. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $36,000. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies in the fourth quarter worth approximately $37,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $39,000. Golden State Wealth Management LLC acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Raymond James restated an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Barclays upped their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Price Performance

MMC traded up $1.27 during midday trading on Friday, reaching $230.13. 1,059,961 shares of the company's stock were exchanged, compared to its average volume of 1,920,908. Marsh & McLennan Companies, Inc. has a one year low of $207.06 and a one year high of $248.00. The firm has a market capitalization of $113.39 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83. The business has a 50-day simple moving average of $228.03 and a two-hundred day simple moving average of $225.63. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is presently 39.95%.

Insider Activity

In related news, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This represents a 14.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,634 shares of company stock valued at $16,244,986. Company insiders own 0.35% of the company's stock.

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.