OneDigital Investment Advisors LLC Raises Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

OneDigital Investment Advisors LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,933 shares of the financial services provider's stock after purchasing an additional 5,018 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Marsh & McLennan Companies were worth $4,234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $1,236,186,000. Stifel Financial Corp increased its position in shares of Marsh & McLennan Companies by 551.0% during the fourth quarter. Stifel Financial Corp now owns 2,224,932 shares of the financial services provider's stock worth $472,599,000 after purchasing an additional 1,883,146 shares in the last quarter. Amundi lifted its holdings in Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider's stock valued at $860,824,000 after purchasing an additional 1,823,807 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock worth $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $207,278,000. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Upgrades and Downgrades

MMC has been the subject of several research reports. Barclays upped their price objective on shares of Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a research note on Friday, April 11th. Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. UBS Group raised their target price on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Finally, Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Marsh & McLennan Companies has an average rating of "Hold" and an average target price of $241.93.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,317 shares of the firm'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 value of $309,455.49. Following the sale, the vice president now owns 2,923 shares of the company's stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Beswick sold 2,237 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total transaction of $550,302.00. Following the completion of the sale, the senior vice president now owns 13,522 shares in the company, valued at $3,326,412. The trade was a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock valued at $16,244,986 in the last quarter. Corporate insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Price Performance

MMC opened at $219.61 on Wednesday. The stock's 50-day moving average price is $232.39 and its 200 day moving average price is $224.70. Marsh & McLennan Companies, Inc. has a 12-month low of $196.72 and a 12-month high of $248.00. The firm has a market cap of $108.25 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 2.70 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter last year, the firm posted $2.89 earnings per share. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.48%. Marsh & McLennan Companies's payout ratio is 39.95%.

About Marsh & McLennan Companies

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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