Broadway Wealth Solutions Inc. Buys New Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Broadway Wealth Solutions Inc. bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,107 shares of the financial services provider's stock, valued at approximately $1,085,000. Marsh & McLennan Companies makes up about 0.8% of Broadway Wealth Solutions Inc.'s portfolio, making the stock its 17th largest holding.

A number of other large investors have also made changes to their positions in MMC. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth 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 stake in Marsh & McLennan Companies during the 4th quarter worth about $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at about $45,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

MMC stock traded up $0.37 during midday trading on Tuesday, reaching $244.40. The stock had a trading volume of 529,295 shares, compared to its average volume of 1,799,069. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $245.98. The company has a market cap of $120.03 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company's fifty day simple moving average is $230.22 and its 200 day simple moving average is $224.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

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Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.33%. Marsh & McLennan Companies's payout ratio is 39.80%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MMC shares. Raymond James reiterated 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. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price for the company. Wells Fargo & Company increased 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 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 for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased 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 note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $233.41.

Insiders Place Their Bets

In other news, VP Stacy Mills sold 1,317 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 2,923 shares in the company, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief executive officer now owns 28,329 shares in the company, valued at $6,520,202.64. This represents a 63.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,828 shares of company stock valued at $13,350,279. 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.