Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,030 shares of the financial services provider's stock after purchasing an additional 1,444 shares during the quarter. Prosperity Consulting Group LLC's holdings in Marsh & McLennan Companies were worth $4,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $33,000. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $38,000. Transce3nd LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $39,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Nicholas Mark Studer sold 49,390 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the completion of the sale, the chief executive officer now owns 28,329 shares of the company's stock, valued at $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,634 shares of company stock worth $16,244,986. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Barclays lifted their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Jefferies Financial Group lifted their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. boosted their target price 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. Finally, Redburn Atlantic started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They issued a "buy" rating and a $281.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Stock Up 0.6 %

Shares of MMC stock traded up $1.27 during trading hours on Monday, reaching $220.51. 2,196,846 shares of the company's stock were exchanged, compared to its average volume of 1,874,379. Marsh & McLennan Companies, Inc. has a 1 year low of $196.72 and a 1 year high of $248.00. The stock has a market cap of $108.65 billion, a PE ratio of 26.92, 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. The stock's fifty day moving average price is $231.57 and its two-hundred day moving average price is $224.59.

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

Marsh & McLennan Companies Announces Dividend

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

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.