New Age Alpha Advisors LLC Buys 1,529 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

New Age Alpha Advisors LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1,644.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,622 shares of the financial services provider's stock after acquiring an additional 1,529 shares during the period. New Age Alpha Advisors LLC's holdings in Marsh & McLennan Companies were worth $345,000 at the end of the most recent reporting period.

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

Marsh & McLennan Companies Trading Up 0.2 %

Marsh & McLennan Companies stock traded up $0.54 during mid-day trading on Thursday, reaching $244.18. 2,116,969 shares of the company traded hands, compared to its average volume of 1,808,543. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $246.27. The firm has a market capitalization of $119.93 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.70 and a beta of 0.95. The firm's 50 day moving average price is $231.26 and its 200 day moving average price is $224.41.

Remove Ads

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released 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 net margin of 16.60% and a return on equity of 32.60%. On average, analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies's payout ratio is presently 39.80%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MMC shares. Redburn Atlantic started coverage on Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective on the stock. Raymond James reiterated an "outperform" rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Wells Fargo & Company increased their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $233.41.

Insider Activity

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the transaction, the chief executive officer now owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $234.97, for a total transaction of $1,673,221.37. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,397 shares of company stock worth $15,694,684. Corporate insiders own 0.30% of the company's stock.

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.