Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC has increased its shares in Marsh & McLennan Companies by 196.2% in the first quarter, now owning 10,398 shares valued at $2.54 million.
• CEO John Q. Doyle sold 21,079 shares of the company at an average price of $205.65, reducing his stake by 19.38%.
• Marsh & McLennan recently declared a quarterly dividend of $0.90 per share, marking an increase from the previous $0.82.

Integrity Alliance LLC. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 196.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,398 shares of the financial services provider's stock after purchasing an additional 6,888 shares during the quarter. Integrity Alliance LLC.'s holdings in Marsh & McLennan Companies were worth $2,537,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider's stock valued at $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $37,178,000. Bison Wealth LLC lifted its stake in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider's stock valued at $651,000 after buying an additional 869 shares in the last quarter. Focus Partners Wealth grew its holdings in Marsh & McLennan Companies by 26.8% during the 4th quarter. Focus Partners Wealth now owns 28,317 shares of the financial services provider's stock valued at $6,015,000 after buying an additional 5,990 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Marsh & McLennan Companies during the fourth quarter worth $1,906,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $18,031,597.65. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $198.67 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $97.67 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.54 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a 1 year low of $196.27 and a 1 year high of $248.00. The firm has a 50 day moving average price of $207.22 and a 200 day moving average price of $220.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.92 billion. Marsh & McLennan Companies had a net margin of 16.00% and a return on equity of 31.90%. Marsh & McLennan Companies's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $2.41 EPS. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 24th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.8%. This is a boost from Marsh & McLennan Companies's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, July 24th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 43.17%.

Analyst Ratings Changes

MMC has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $229.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Barclays decreased their price target on shares of Marsh & McLennan Companies from $249.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Citigroup assumed coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $226.00 price objective for the company. Morgan Stanley lowered their target price on shares of Marsh & McLennan Companies from $225.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Finally, Cantor Fitzgerald assumed coverage on Marsh & McLennan Companies in a research note on Wednesday, August 13th. They set an "overweight" rating and a $256.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus price target of $238.76.

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.

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