NorthRock Partners LLC Raises Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NorthRock Partners LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 72.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,016 shares of the financial services provider's stock after purchasing an additional 2,105 shares during the period. NorthRock Partners LLC's holdings in Marsh & McLennan Companies were worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $33,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $36,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $38,000. Transce3nd LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $39,000. Finally, Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $41,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Up 1.8%

Shares of MMC traded up $4.20 on Friday, reaching $231.44. The company's stock had a trading volume of 2,422,470 shares, compared to its average volume of 1,918,361. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a twelve month low of $201.77 and a twelve month high of $248.00. The stock has a market capitalization of $114.04 billion, a PE ratio of 28.26, a PEG ratio of 2.70 and a beta of 0.85. The firm has a fifty day moving average of $229.22 and a 200-day moving average of $224.83.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the prior year, the business posted $2.89 EPS. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed 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 was Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.41%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.95%.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Raymond James reiterated an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective on the stock. Finally, UBS Group upped their price target on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, VP Stacy Mills sold 1,317 shares of the firm's stock in a transaction 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 sale, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now owns 28,329 shares in the company, valued at approximately $6,520,202.64. This trade represents a 63.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,634 shares of company stock worth $16,244,986. Insiders own 0.35% of the company's stock.

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.