Fortis Capital Advisors LLC Has $1.27 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fortis Capital Advisors LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 46.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,563 shares of the financial services provider's stock after purchasing an additional 1,756 shares during the quarter. Fortis Capital Advisors LLC's holdings in Marsh & McLennan Companies were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Louisbourg Investments Inc. grew its position in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after purchasing an additional 3,300 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Marsh & McLennan Companies by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider's stock valued at $19,461,000 after purchasing an additional 3,553 shares during the last quarter. Czech National Bank raised its stake in shares of Marsh & McLennan Companies by 6.3% in the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider's stock valued at $22,618,000 after acquiring an additional 6,310 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Marsh & McLennan Companies by 9.4% in the fourth quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider's stock worth $40,679,000 after buying an additional 16,464 shares during the period. Finally, Brentview Investment Management LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at about $3,635,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MMC shares. Keefe, Bruyette & Woods lifted their price target on Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an "underperform" rating in a report on Wednesday, April 9th. UBS Group upped their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 target price on the stock. Jefferies Financial Group boosted their target price on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Raymond James reissued an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus target price of $237.75.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded down $8.93 on Thursday, reaching $222.39. 2,995,295 shares of the company's stock were exchanged, compared to its average volume of 1,864,232. 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 business's 50-day moving average is $233.27 and its two-hundred day moving average is $224.81. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.23 and a fifty-two week high of $248.00. The firm has a market capitalization of $109.62 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same quarter in the previous year, the business earned $2.89 EPS. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,237 shares of the firm's 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 transaction, the senior vice president now owns 13,522 shares of the company's stock, valued at approximately $3,326,412. This trade represents a 14.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of the stock in a transaction 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 sale, 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 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 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.