Moran Wealth Management LLC Invests $2.47 Million in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Moran Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,626 shares of the financial services provider's stock, valued at approximately $2,469,000.

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

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $232.98 on Wednesday. The stock has a market capitalization of $114.42 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The business's fifty day moving average price is $223.72 and its two-hundred day moving average price is $223.49. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

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Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its 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 net margin of 16.60% and a return on equity of 32.60%. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 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 $309,455.49. Following the completion of the sale, the vice president now owns 2,923 shares in the company, valued at approximately $686,817.31. This trade represents a 31.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 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 transaction of $1,673,221.37. Following the transaction, the chief executive officer now owns 20,935 shares in the company, valued at $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MMC shares. JPMorgan Chase & Co. upped 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 shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. Finally, 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 research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $230.44.

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.

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