Intellus Advisors LLC Invests $253,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Intellus Advisors LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,191 shares of the financial services provider's stock, valued at approximately $253,000.

Several other institutional investors have also modified their holdings of the company. Modera Wealth Management LLC raised its stake in Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after purchasing an additional 46 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after purchasing an additional 47 shares during the last quarter. Hemington Wealth Management grew its position in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after acquiring an additional 48 shares during the last quarter. New England Professional Planning Group Inc. increased its holdings in Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 50 shares in the last quarter. Finally, TFB Advisors LLC boosted its stake in Marsh & McLennan Companies by 2.0% in the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock worth $547,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company's stock.

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Insider Activity at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 7,121 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at approximately $4,919,096.95. This represents a 25.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,828 shares of company stock worth $13,350,279 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC traded up $2.10 on Wednesday, hitting $238.72. The company had a trading volume of 1,873,660 shares, compared to its average volume of 1,638,166. The stock has a 50 day moving average price of $228.03 and a 200 day moving average price of $223.84. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market cap of $117.24 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84.

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

Marsh & McLennan Companies Announces Dividend

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 issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a yield of 1.37%. Marsh & McLennan Companies's payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MMC. Raymond James reissued an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They issued a "buy" rating and a $281.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $233.41.

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.