Wayfinding Financial LLC Makes New $217,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wayfinding Financial LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, Holdings Channel reports. The firm bought 1,026 shares of the financial services provider’s stock, valued at approximately $217,000.

Other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $33,000. Sierra Ocean LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $36,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $38,000. Golden State Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In related news, VP Stacy Mills sold 1,317 shares of the company’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 transaction, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This represents a 31.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dean Michael Klisura sold 7,121 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following the completion of the transaction, the chief executive officer now owns 20,935 shares in the company, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,828 shares of company stock valued at $13,350,279. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Down 0.6 %

Shares of NYSE:MMC opened at $232.05 on Friday. The company’s 50-day moving average price is $227.10 and its two-hundred day moving average price is $223.82. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84. The stock has a market capitalization of $113.97 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.