Members Wealth LLC Purchases New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Members Wealth LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,504 shares of the financial services provider’s stock, valued at approximately $344,000.

Other institutional investors have also recently modified their holdings of the company. Louisbourg Investments Inc. raised its holdings in Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Marsh & McLennan Companies by 9.4% during the fourth quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock worth $40,679,000 after purchasing an additional 16,464 shares during the last quarter. Brentview Investment Management LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $3,635,000. Bell Asset Management Ltd raised its holdings in Marsh & McLennan Companies by 12.5% during the fourth quarter. Bell Asset Management Ltd now owns 32,465 shares of the financial services provider’s stock worth $6,896,000 after purchasing an additional 3,595 shares during the last quarter. Finally, Mariner LLC raised its holdings in Marsh & McLennan Companies by 1.4% during the fourth quarter. Mariner LLC now owns 448,546 shares of the financial services provider’s stock worth $95,275,000 after purchasing an additional 6,125 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Redburn Atlantic assumed coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a “buy” rating and a $281.00 price objective for the company. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Barclays boosted 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 boosted 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. Finally, UBS Group boosted their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $241.93.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This represents a 14.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,634 shares of company stock valued at $16,244,986. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $231.42 on Wednesday. The firm has a market capitalization of $114.03 billion, a PE ratio of 28.26, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12 month low of $201.77 and a 12 month high of $248.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $228.98 and a two-hundred day moving average of $225.24.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate 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 business posted $2.89 earnings per share. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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