Envestnet Asset Management Inc. Buys 45,782 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Envestnet Asset Management Inc. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,224,318 shares of the financial services provider's stock after buying an additional 45,782 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.25% of Marsh & McLennan Companies worth $260,057,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on MMC shares. 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 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 increased their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price target on the stock. Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of "Hold" and a consensus target price of $234.65.

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Marsh & McLennan Companies Stock Up 1.8 %

Shares of MMC traded up $4.15 during trading on Friday, reaching $232.92. The company's stock had a trading volume of 670,250 shares, compared to its average volume of 1,844,250. The company has a fifty day moving average of $232.63 and a two-hundred day moving average of $224.55. The company has a market cap of $114.81 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $248.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.40%. Marsh & McLennan Companies's dividend payout ratio is currently 39.80%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the transaction, the chief executive officer now owns 28,329 shares of the company's stock, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the sale, the senior vice president now directly owns 13,522 shares of the company's stock, valued at $3,326,412. This represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,634 shares of company stock valued at $16,244,986 over the last ninety days. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Company 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.