RDA Financial Network Increases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

RDA Financial Network raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,839 shares of the financial services provider’s stock after purchasing an additional 67 shares during the period. RDA Financial Network’s holdings in Marsh & McLennan Companies were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $36,000. Ameriflex Group Inc. purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $37,000. Transce3nd LLC purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $39,000. Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $45,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.6%

Shares of NYSE:MMC opened at $230.13 on Friday. The company has a market cap of $113.39 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.70 and a beta of 0.83. The firm’s 50-day simple moving average is $227.76 and its 200-day simple moving average is $225.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a fifty-two week low of $207.06 and a fifty-two week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the previous year, the firm earned $2.89 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.95%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They issued a “buy” rating and a $281.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Barclays increased their target price on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $241.93.

Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. This trade represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated 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 approximately $686,817.31. The trade was a 31.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,634 shares of company stock worth $16,244,986 over the last 90 days. Company 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.