Pines Wealth Management LLC Invests $258,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Pines Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,233 shares of the financial services provider's stock, valued at approximately $258,000.

A number of other institutional investors have also added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. boosted its position in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. Bangor Savings Bank purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at approximately $46,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of Marsh & McLennan Companies by 390.9% in the second quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider's stock worth $57,000 after purchasing an additional 215 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Oscar Fanjul sold 2,500 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were 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 approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $3.83 during trading hours on Thursday, reaching $216.42. 1,095,607 shares of the company traded hands, compared to its average volume of 1,977,655. Marsh & McLennan Companies, Inc. has a 12-month low of $188.31 and a 12-month high of $235.50. The stock has a market capitalization of $106.29 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.31 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The business has a fifty day moving average price of $219.17 and a 200-day moving average price of $221.15.

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

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.51%. Marsh & McLennan Companies's payout ratio is currently 40.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MMC. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. UBS Group increased their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a report on Thursday, October 10th. Finally, Evercore ISI reissued an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $228.60.

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.