Independent Advisor Alliance Purchases 2,523 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Independent Advisor Alliance grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 119.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,635 shares of the financial services provider’s stock after buying an additional 2,523 shares during the quarter. Independent Advisor Alliance’s holdings in Marsh & McLennan Companies were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after buying an additional 518,185 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares during the period. Parnassus Investments LLC raised its holdings in shares of Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after purchasing an additional 85,754 shares during the period. Amundi raised its holdings in shares of Marsh & McLennan Companies by 81.1% in the 4th quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after purchasing an additional 1,823,807 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after purchasing an additional 184,239 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.8 %

MMC opened at $231.71 on Friday. The company has a fifty day moving average price of $224.84 and a 200-day moving average price of $223.61. The firm has a market capitalization of $113.80 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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%. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal 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 given a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MMC shares. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Barclays boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $230.44.

Insider Buying and Selling

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $230.16, for a total value of $11,367,602.40. Following the completion of the transaction, the chief executive officer now directly owns 28,329 shares in the company, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the completion of the sale, the vice president now directly owns 2,923 shares of the company’s stock, valued at $686,817.31. This represents a 31.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,828 shares of company stock worth $13,350,279. Corporate insiders own 0.30% 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.