Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Raised by MML Investors Services LLC

MML Investors Services LLC grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,034 shares of the financial services provider's stock after purchasing an additional 1,299 shares during the quarter. MML Investors Services LLC's holdings in Marsh & McLennan Companies were worth $10,203,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Modera Wealth Management LLC increased its holdings in shares of Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after buying an additional 46 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after acquiring an additional 47 shares during the last quarter. Hemington Wealth Management raised its holdings in shares of Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after purchasing an additional 48 shares during the period. DF Dent & Co. Inc. grew its holdings in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock worth $1,224,000 after purchasing an additional 49 shares during the period. Finally, New England Professional Planning Group Inc. increased its position in Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after purchasing an additional 50 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,634 shares of company stock worth $16,244,986. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Up 0.6 %

Marsh & McLennan Companies stock traded up $1.21 during midday trading on Monday, hitting $220.45. The stock had a trading volume of 503,051 shares, compared to its average volume of 1,868,171. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average price of $231.78 and a 200 day moving average price of $224.62. Marsh & McLennan Companies, Inc. has a 12 month low of $196.72 and a 12 month high of $248.00. The stock has a market cap of $108.62 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted 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 return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the prior year, the company posted $2.89 EPS. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. Marsh & McLennan Companies's payout ratio is currently 39.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Redburn Atlantic started 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 objective for the company. Keefe, Bruyette & Woods cut their price objective on 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. Wells Fargo & Company upped their target price 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. UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a report on Wednesday, April 9th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $241.93.

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.