Sequoia Financial Advisors LLC lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC – Get Rating) by 52.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,478 shares of the financial services provider’s stock after acquiring an additional 1,204 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $576,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of Marsh & McLennan Companies by 135.7% during the third quarter. Larson Financial Group LLC now owns 165 shares of the financial services provider’s stock valued at $25,000 after buying an additional 95 shares during the period. CoreCap Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $30,000. SRS Capital Advisors Inc. purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Almanack Investment Partners LLC. purchased a new stake in Marsh & McLennan Companies in the third quarter worth $43,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth $48,000. 87.30% of the stock is owned by hedge funds and other institutional investors.
Marsh & McLennan Companies Trading Up 0.5 %
NYSE:MMC opened at $161.35 on Tuesday. The firm has a fifty day simple moving average of $166.05 and a 200-day simple moving average of $164.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $79.80 billion, a P/E ratio of 26.80, a PEG ratio of 2.53 and a beta of 0.93. Marsh & McLennan Companies, Inc. has a 12 month low of $143.33 and a 12 month high of $183.14.
Marsh & McLennan Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Wednesday, April 5th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, April 4th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.20%.
Wall Street Analysts Forecast Growth
MMC has been the topic of several recent analyst reports. Royal Bank of Canada raised their price target on shares of Marsh & McLennan Companies from $170.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Friday, January 27th. Citigroup lifted their price target on shares of Marsh & McLennan Companies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. Raymond James upped their price objective on shares of Marsh & McLennan Companies from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. StockNews.com started coverage on Marsh & McLennan Companies in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $190.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $178.62.
Insider Buying and Selling
In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 3,140 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $165.22, for a total value of $518,790.80. Following the completion of the sale, the chief executive officer now owns 20,935 shares in the company, valued at approximately $3,458,880.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Oscar Fanjul sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $173.70, for a total value of $503,730.00. Following the completion of the sale, the director now directly owns 75,447 shares in the company, valued at approximately $13,105,143.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dean Michael Klisura sold 3,140 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $165.22, for a total value of $518,790.80. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $3,458,880.70. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
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.
Read More
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