Larson Financial Group LLC Raises Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Larson Financial Group LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,467 shares of the financial services provider's stock after purchasing an additional 1,777 shares during the quarter. Larson Financial Group LLC's holdings in Marsh & McLennan Companies were worth $2,860,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MMC. Financial Life Planners purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $38,000. Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 1.4 %

Shares of Marsh & McLennan Companies stock traded down $3.33 during trading on Wednesday, hitting $229.78. 1,828,823 shares of the stock were exchanged, compared to its average volume of 1,637,974. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm's 50-day moving average price is $223.72 and its 200 day moving average price is $223.49. The stock has a market cap of $112.85 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $241.84.

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Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results 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 return on equity of 32.60% and a net margin of 16.60%. As a group, analysts forecast 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. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies's payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MMC shares. Wells Fargo & Company boosted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Evercore ISI reissued an "outperform" rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Barclays lifted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. 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 research note on Thursday, February 6th. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $230.44.

Insider Activity

In other news, CEO Dean Michael Klisura sold 7,121 shares of the business's stock in a transaction dated 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. The trade was a 25.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the firm'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 transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

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.