Occidental Asset Management LLC Has $4.11 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Occidental Asset Management LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,359 shares of the financial services provider's stock after purchasing an additional 1,555 shares during the period. Occidental Asset Management LLC's holdings in Marsh & McLennan Companies were worth $4,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. boosted its position in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $31,000. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth $41,000. Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $46,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Marsh & McLennan Companies by 390.9% during the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider's stock worth $57,000 after purchasing an additional 215 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MMC shares. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. UBS Group raised their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Bank of America raised their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $228.60.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded down $0.57 during trading hours on Friday, reaching $215.72. 1,028,394 shares of the company's stock traded hands, compared to its average volume of 1,992,108. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The business's fifty day simple moving average is $218.96 and its two-hundred day simple moving average is $221.09. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $105.94 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 2.31 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Marsh & McLennan Companies's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS. Analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio is presently 40.15%.

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.