Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,681 shares of the financial services provider's stock after buying an additional 16,851 shares during the quarter. Captrust Financial Advisors' holdings in Marsh & McLennan Companies were worth $27,546,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth $36,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth $38,000. Transce3nd LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter worth about $39,000. Finally, Golden State Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $41,000. Institutional investors own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. This represents a 63.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,634 shares of company stock worth $16,244,986. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target 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. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price on the stock. 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 report on Friday, April 11th. Finally, Wells Fargo & Company upped their price target on 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus price target of $241.93.

Marsh & McLennan Companies Stock Down 0.7 %

NYSE MMC traded down $1.64 during trading on Friday, reaching $226.79. 1,525,232 shares of the company's stock traded hands, compared to its average volume of 1,896,747. Marsh & McLennan Companies, Inc. has a 12-month low of $201.77 and a 12-month 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. The firm has a market cap of $111.75 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The company's 50 day simple moving average is $230.14 and its two-hundred day simple moving average is $224.66.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.02 by $0.04. The firm 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 firm earned $2.89 EPS. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.44%. 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.