Belpointe Asset Management LLC Has $2.36 Million Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Belpointe Asset Management LLC lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,374 shares of the financial services provider's stock after purchasing an additional 1,749 shares during the period. Belpointe Asset Management LLC's holdings in Marsh & McLennan Companies were worth $2,360,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 directly owns 2,923 shares of the company's stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul Beswick sold 2,237 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,634 shares of company stock worth $16,244,986. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Redburn Atlantic began coverage on Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective 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. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an "underperform" rating in a research report on Wednesday, April 9th. Barclays increased their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. Finally, Raymond James reaffirmed 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 research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $239.53.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $11.17 during trading hours on Friday, hitting $220.15. The company had a trading volume of 4,377,608 shares, compared to its average volume of 1,867,606. Marsh & McLennan Companies, Inc. has a one year low of $196.72 and a one year high of $248.00. The firm has a market cap of $108.51 billion, a PE ratio of 26.88, a PEG ratio of 2.70 and a beta of 0.85. The firm has a 50-day moving average of $233.11 and a 200 day moving average of $224.79. 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 (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.08 billion. During the same period in the previous year, the company posted $2.89 EPS. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

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.