Members Wealth LLC Buys Shares of 1,504 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Members Wealth LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,504 shares of the financial services provider's stock, valued at approximately $344,000.

Other institutional investors have also bought and sold shares of the company. Financial Life Planners purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $36,000. Ameriflex Group Inc. acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $37,000. Transce3nd LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $39,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $1.78 on Thursday, hitting $231.30. The company's stock had a trading volume of 994,131 shares, compared to its average volume of 1,919,828. The firm has a market cap of $113.97 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. 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 has a fifty day moving average price of $228.86 and a 200-day moving average price of $225.32. Marsh & McLennan Companies, Inc. has a one year low of $201.84 and a one year high of $248.00.

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 (EPS) for the quarter, beating 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 firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period last year, the firm posted $2.89 EPS. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This trade represents a 31.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,634 shares of company stock valued at $16,244,986 in the last 90 days. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research reports. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. UBS Group upped their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Barclays upped their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Finally, Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $241.93.

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.