Burling Wealth Partners LLC Purchases New Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Burling Wealth Partners LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,775 shares of the financial services provider's stock, valued at approximately $4,200,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMC. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $38,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $0.41 on Friday, hitting $219.37. The company's stock had a trading volume of 3,174,623 shares, compared to its average volume of 1,873,084. 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 $108.09 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. 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 company has a fifty day moving average price of $231.78 and a 200-day moving average price of $224.61.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.08 billion. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. During the same quarter in the previous year, the firm posted $2.89 earnings per share. On average, equities analysts anticipate 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 yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is 39.95%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 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 $1,673,221.37. Following the completion of the sale, the chief executive officer now owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the business'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 value of $309,455.49. Following the completion of the transaction, the vice president now directly owns 2,923 shares in the company, valued at $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock worth $16,244,986 over the last three months. Company insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MMC shares. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Barclays raised their price target on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Raymond James restated an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Finally, Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus target price of $241.93.

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.