TD Private Client Wealth LLC Raises Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TD Private Client Wealth LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,619 shares of the financial services provider’s stock after acquiring an additional 340 shares during the period. TD Private Client Wealth LLC’s holdings in Marsh & McLennan Companies were worth $1,831,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth $36,000. Albion Financial Group UT purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth $38,000. Golden State Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.6 %

Marsh & McLennan Companies stock opened at $232.05 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a 50-day moving average price of $227.10 and a two-hundred day moving average price of $223.79. The firm has a market capitalization of $113.97 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last posted 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%. Sell-side analysts expect 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 will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is 39.80%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the sale, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This represents a 63.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the company’s 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 completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at approximately $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock valued at $13,350,279 in the last ninety days. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MMC shares. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Evercore ISI reissued an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research 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 stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Raymond James reissued an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $230.44.

About Marsh & McLennan Companies

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.