Aviso Financial Inc. Increases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Aviso Financial Inc. lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,188 shares of the financial services provider's stock after purchasing an additional 3,738 shares during the period. Aviso Financial Inc.'s holdings in Marsh & McLennan Companies were worth $4,713,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO Dean Michael Klisura sold 7,121 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were 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 in the company, valued at $4,919,096.95. This trade represents a 25.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Stacy Mills sold 1,317 shares of the company'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 trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,828 shares of company stock valued at $13,350,279 over the last quarter. 0.30% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

MMC has been the subject of a number of research reports. Barclays increased their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upped their price target 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Trading Down 0.4 %

MMC stock traded down $0.90 during trading on Tuesday, hitting $232.01. 1,510,769 shares of the company traded hands, compared to its average volume of 1,638,038. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50-day moving average of $225.34 and a 200-day moving average of $223.63. The firm has a market capitalization of $113.95 billion, a PE ratio of 28.33, 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 posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

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.