Vident Advisory LLC Has $3.18 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vident Advisory LLC lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,977 shares of the financial services provider’s stock after purchasing an additional 1,234 shares during the quarter. Vident Advisory LLC’s holdings in Marsh & McLennan Companies were worth $3,182,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MMC. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $38,000. Transce3nd LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $39,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.4%

MMC stock opened at $230.80 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $113.72 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a fifty-two week low of $201.77 and a fifty-two week high of $248.00. The stock has a fifty day moving average of $229.28 and a 200-day moving average of $225.00.

Marsh & McLennan Companies (NYSE:MMC) 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 business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter in the prior year, the firm posted $2.89 EPS. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 3rd were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MMC. Raymond James reiterated an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Barclays upped their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Finally, Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $241.93.

Insider Buying and Selling

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares of the company’s stock, valued at $3,326,412. This trade represents a 14.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,317 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was a 31.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,634 shares of company stock valued at $16,244,986. Corporate insiders own 0.35% of the company’s stock.

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.