IAM Advisory LLC Acquires 174 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

IAM Advisory LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,242 shares of the financial services provider’s stock after acquiring an additional 174 shares during the period. IAM Advisory LLC’s holdings in Marsh & McLennan Companies were worth $1,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MMC. Ameritas Advisory Services LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $301,000. HB Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 11.0% during the 4th quarter. HB Wealth Management LLC now owns 14,027 shares of the financial services provider’s stock valued at $2,980,000 after purchasing an additional 1,389 shares during the last quarter. Trust Co. of Vermont boosted its position in Marsh & McLennan Companies by 188.8% during the fourth quarter. Trust Co. of Vermont now owns 1,262 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 825 shares during the period. Sanibel Captiva Trust Company Inc. increased its holdings in shares of Marsh & McLennan Companies by 24.1% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 3,956 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 767 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Marsh & McLennan Companies by 4.4% during the 4th quarter. Arkadios Wealth Advisors now owns 2,874 shares of the financial services provider’s stock worth $611,000 after buying an additional 122 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MMC shares. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $228.60.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $215.23 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The stock has a market cap of $105.71 billion, a PE ratio of 26.51, a PEG ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s fifty day moving average price is $218.62 and its two-hundred day moving average price is $221.09.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period last year, the company earned $1.57 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

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.