Moss Adams Wealth Advisors LLC Boosts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moss Adams Wealth Advisors LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,153 shares of the financial services provider’s stock after acquiring an additional 106 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $245,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC lifted its position in Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the period. Kingfisher Capital LLC lifted its holdings in shares of Marsh & McLennan Companies by 4.7% in the second quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock valued at $220,000 after buying an additional 47 shares during the period. Legacy Financial Advisors Inc. boosted its stake in Marsh & McLennan Companies by 2.3% during the second quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider’s stock valued at $468,000 after buying an additional 49 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Marsh & McLennan Companies by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 52 shares in the last quarter. Finally, BSW Wealth Partners lifted its holdings in Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.5 %

MMC stock opened at $215.23 on Monday. The company has a 50 day moving average of $218.62 and a two-hundred day moving average of $221.15. The company has a market cap of $105.71 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.31 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $188.31 and a 12-month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.71 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MMC shares. JPMorgan Chase & Co. increased their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. BMO Capital Markets raised their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America upped their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $228.60.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction 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 transaction, the director now directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% 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.