1,500 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the financial services provider's stock, valued at approximately $319,000.

Several other hedge funds also recently added to or reduced their stakes in MMC. Modera Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 46 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management boosted its holdings in shares of Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock valued at $163,000 after buying an additional 48 shares during the period. DF Dent & Co. Inc. grew its position in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. DF Dent & Co. Inc. now owns 5,762 shares of the financial services provider's stock valued at $1,224,000 after buying an additional 49 shares during the last quarter. Finally, New England Professional Planning Group Inc. raised its stake in Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock worth $268,000 after acquiring an additional 50 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

MMC has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price target for the company. Raymond James reaffirmed an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $233.41.

Insider Activity

In related news, VP Stacy Mills sold 1,317 shares of the business'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 transaction of $309,455.49. Following the transaction, the vice president now directly owns 2,923 shares of the company's stock, valued at approximately $686,817.31. The trade was a 31.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction on 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 sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at $6,520,202.64. This trade represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,397 shares of company stock worth $15,694,684. 0.30% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Shares of MMC traded down $6.59 during trading hours on Monday, hitting $223.61. 6,027,186 shares of the company were exchanged, compared to its average volume of 1,835,496. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $110.22 billion, a PE ratio of 27.30, a PEG ratio of 2.70 and a beta of 0.85. The firm has a fifty day simple moving average of $232.01 and a 200-day simple moving average of $224.50. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be given a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 39.80%.

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.