Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 58.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,861 shares of the financial services provider's stock after purchasing an additional 7,351 shares during the quarter. Park Avenue Securities LLC's holdings in Marsh & McLennan Companies were worth $4,219,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in shares of Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock worth $64,000 after buying an additional 45 shares during the last quarter. Kingfisher Capital LLC lifted its stake in shares of Marsh & McLennan Companies by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 47 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Marsh & McLennan Companies by 2.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 2,222 shares of the financial services provider's stock valued at $468,000 after purchasing an additional 49 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Marsh & McLennan Companies by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider's stock worth $523,000 after buying an additional 52 shares during the period. Finally, BSW Wealth Partners raised its stake in shares of Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock valued at $242,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Down 0.5 %

Shares of MMC traded down $1.06 during trading hours on Friday, hitting $215.23. The company had a trading volume of 2,007,016 shares, compared to its average volume of 2,083,865. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The company's fifty day moving average price is $218.82 and its two-hundred day moving average price is $221.06. The company has a market capitalization of $105.71 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.51%. Marsh & McLennan Companies's dividend payout ratio (DPR) is 40.15%.

Analyst Ratings Changes

Several brokerages have issued reports on MMC. Evercore ISI reissued an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Barclays boosted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a "sell" rating in a research report on Friday, October 18th. Bank of America raised their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $228.60.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares of the company's stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% 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.