Sequoia Financial Advisors LLC Boosts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sequoia Financial Advisors LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 115,430 shares of the financial services provider's stock after purchasing an additional 13,405 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Marsh & McLennan Companies were worth $25,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MMC. Vanguard Group Inc. lifted its position in shares of Marsh & McLennan Companies by 0.3% during the first quarter. Vanguard Group Inc. now owns 43,917,270 shares of the financial services provider's stock worth $9,046,079,000 after purchasing an additional 119,236 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Marsh & McLennan Companies by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,624,073 shares of the financial services provider's stock valued at $2,188,348,000 after buying an additional 380,828 shares in the last quarter. Legal & General Group Plc boosted its position in Marsh & McLennan Companies by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider's stock valued at $954,712,000 after buying an additional 223,257 shares during the period. Clearbridge Investments LLC grew its stake in Marsh & McLennan Companies by 1.7% in the 2nd quarter. Clearbridge Investments LLC now owns 3,409,110 shares of the financial services provider's stock worth $718,368,000 after acquiring an additional 58,461 shares in the last quarter. Finally, Jensen Investment Management Inc. raised its stake in shares of Marsh & McLennan Companies by 1.3% during the second quarter. Jensen Investment Management Inc. now owns 3,226,258 shares of the financial services provider's stock valued at $679,837,000 after acquiring an additional 40,182 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Insider Activity

In related news, CFO Mark C. Mcgivney sold 10,265 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the transaction, the chief financial officer now owns 33,678 shares of the company's stock, valued at $7,625,035.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Stacy Mills sold 4,101 shares of Marsh & McLennan Companies stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $225.77, for a total transaction of $925,882.77. Following the completion of the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $659,925.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Mark C. Mcgivney sold 10,265 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $226.41, for a total transaction of $2,324,098.65. Following the completion of the sale, the chief financial officer now directly owns 33,678 shares in the company, valued at approximately $7,625,035.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,566 shares of company stock valued at $4,420,137 over the last quarter. Corporate insiders own 0.30% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $0.19 during trading on Tuesday, reaching $221.87. The company's stock had a trading volume of 1,605,564 shares, compared to its average volume of 1,670,118. The firm has a market cap of $109.32 billion, a PE ratio of 28.16, a P/E/G ratio of 3.58 and a beta of 0.94. The company has a 50-day moving average price of $225.46 and a two-hundred day moving average price of $215.34. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. Marsh & McLennan Companies, Inc. has a fifty-two week low of $184.02 and a fifty-two week high of $232.32.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.97% and a return on equity of 33.92%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.73 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 4th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. Marsh & McLennan Companies's payout ratio is currently 41.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America increased their price target on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Roth Mkm boosted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday. BMO Capital Markets raised their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $209.00 to $212.00 and gave the company an "underperform" rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $225.33.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.