Wellington Wealth Strategies LLC. Takes Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wellington Wealth Strategies 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 1,304 shares of the financial services provider's stock, valued at approximately $301,000.

Several other large investors have also made changes to their positions in MMC. Woodline Partners LP purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $821,000. Victrix Investment Advisors bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $270,000. Vident Advisory LLC lifted its holdings in shares of Marsh & McLennan Companies by 9.0% in the fourth quarter. Vident Advisory LLC now owns 14,977 shares of the financial services provider's stock worth $3,182,000 after buying an additional 1,234 shares in the last quarter. Sone Capital Management LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at $5,949,000. Finally, Two Sigma Advisers LP increased its holdings in Marsh & McLennan Companies by 2,041.4% in the 4th quarter. Two Sigma Advisers LP now owns 274,100 shares of the financial services provider's stock valued at $58,222,000 after acquiring an additional 261,300 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now directly owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MMC. Barclays raised their price objective 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. Wells Fargo & Company lifted their price objective 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. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price for the company. UBS Group boosted their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and an average price target of $241.93.

Marsh & McLennan Companies Stock Up 0.2%

Shares of NYSE:MMC opened at $231.74 on Tuesday. The firm has a market capitalization of $114.18 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The business has a 50 day simple moving average of $229.26 and a two-hundred day simple moving average of $224.96. Marsh & McLennan Companies, Inc. has a 1 year low of $201.77 and a 1 year high of $248.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 32.60% and a net margin of 16.60%. During the same quarter in the prior year, the company posted $2.89 EPS. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies's dividend payout ratio is currently 39.95%.

Marsh & McLennan Companies 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.

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