Waverly Advisors LLC Raises Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Waverly Advisors LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 234.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,538 shares of the financial services provider's stock after purchasing an additional 3,183 shares during the quarter. Waverly Advisors LLC's holdings in Marsh & McLennan Companies were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider's stock valued at $892,309,000 after acquiring an additional 184,239 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $301,000. Advisory Alpha LLC boosted its stake in Marsh & McLennan Companies by 6.0% in the 4th quarter. Advisory Alpha LLC now owns 1,043 shares of the financial services provider's stock worth $222,000 after purchasing an additional 59 shares during the period. Daymark Wealth Partners LLC boosted its stake in shares of Marsh & McLennan Companies by 31.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 1,807 shares of the financial services provider's stock valued at $384,000 after buying an additional 433 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in shares of Marsh & McLennan Companies by 11.2% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 10,420 shares of the financial services provider's stock valued at $2,213,000 after buying an additional 1,052 shares during the period. Institutional investors and hedge funds own 87.99% of the company's stock.

Insider Activity

In other news, VP Stacy Mills sold 1,317 shares of the business'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 $309,455.49. Following the completion of the transaction, the vice president now owns 2,923 shares of the company's stock, valued at approximately $686,817.31. The trade was a 31.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $4,919,096.95. The trade was a 25.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 Stock Performance

Shares of NYSE MMC traded up $0.45 during mid-day trading on Thursday, reaching $229.97. 251,194 shares of the company were exchanged, compared to its average volume of 1,915,035. Marsh & McLennan Companies, Inc. has a twelve month low of $201.77 and a twelve 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 company's 50-day simple moving average is $228.93 and its 200-day simple moving average is $225.26. The stock has a market capitalization of $113.31 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.08 billion. 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 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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

Analyst Ratings Changes

MMC has been the topic of several recent analyst reports. Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $241.93.

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.