Moreno Evelyn V Acquires Shares of 11,745 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moreno Evelyn V purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,745 shares of the financial services provider's stock, valued at approximately $2,225,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMC. Valley National Advisers Inc. grew its holdings in Marsh & McLennan Companies by 343.3% in the 4th quarter. Valley National Advisers Inc. now owns 133 shares of the financial services provider's stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $26,000. Altshuler Shaham Ltd purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $27,000. Headinvest LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter worth $28,000. Finally, Cordant Inc. purchased a new stake in Marsh & McLennan Companies in the fourth quarter worth about $28,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $2.80 during trading hours on Thursday, reaching $208.02. 1,072,739 shares of the stock traded hands, compared to its average volume of 1,652,734. The company has a 50 day moving average price of $203.44 and a 200 day moving average price of $199.00. Marsh & McLennan Companies, Inc. has a one year low of $171.47 and a one year high of $211.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $102.50 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 3.49 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.38 billion. During the same period in the prior year, the company earned $2.53 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.71 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 36.04%.

Insiders Place Their Bets

In related news, CEO Dean Michael Klisura sold 9,994 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,169 shares of the firm's stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $210.13, for a total transaction of $455,771.97. Following the sale, the senior vice president now directly owns 13,030 shares of the company's stock, valued at $2,737,993.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 9,994 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $205.00, for a total value of $2,048,770.00. Following the completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $4,291,675. The disclosure for this sale can be found here. Insiders sold a total of 38,920 shares of company stock worth $7,903,935 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MMC. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an "equal weight" rating in a research report on Friday, April 19th. Bank of America boosted their price target on Marsh & McLennan Companies from $223.00 to $233.00 and gave the stock a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $190.00 to $198.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a "sector perform" rating in a research note on Friday, April 19th. Finally, TD Cowen lifted their price target on Marsh & McLennan Companies from $189.00 to $201.00 and gave the stock a "hold" rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $210.27.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.