OneDigital Investment Advisors LLC Grows Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

OneDigital Investment Advisors LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 33.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,933 shares of the financial services provider's stock after purchasing an additional 5,018 shares during the period. OneDigital Investment Advisors LLC's holdings in Marsh & McLennan Companies were worth $4,234,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MMC. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Raymond James reiterated an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Redburn Atlantic initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of "Hold" and an average target price of $241.93.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of Marsh & McLennan Companies stock in a transaction on Thursday, April 3rd. The shares were 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 of the company's stock, valued at $3,326,412. The trade was a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,634 shares of company stock valued at $16,244,986. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC traded up $0.93 during midday trading on Monday, hitting $220.17. The company had a trading volume of 686,828 shares, compared to its average volume of 1,868,565. The business's 50-day simple moving average is $231.78 and its 200-day simple moving average is $224.62. The stock has a market cap of $108.48 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. 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, Inc. has a twelve month low of $196.72 and a twelve month high of $248.00.

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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the prior year, the firm posted $2.89 earnings per share. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.95%.

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.