1,026 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Wayfinding Financial LLC

Wayfinding Financial LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,026 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other hedge funds have also recently bought and sold shares of MMC. Amundi increased its position in Marsh & McLennan Companies by 81.1% during the fourth quarter. Amundi now owns 4,072,976 shares of the financial services provider’s stock worth $860,824,000 after buying an additional 1,823,807 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Marsh & McLennan Companies by 7,320.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $207,278,000. Proficio Capital Partners LLC grew its position in shares of Marsh & McLennan Companies by 29,648.6% in the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock valued at $146,346,000 after purchasing an additional 686,662 shares during the last quarter. Finally, FMR LLC grew its position in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 0.6 %

Shares of MMC opened at $232.05 on Friday. The stock has a market cap of $113.97 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84. The company has a 50-day moving average price of $227.10 and a two-hundred day moving average price of $223.82.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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 analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

Insider Activity

In related news, CEO Nicholas Mark Studer sold 49,390 shares of the business’s stock in a transaction that occurred 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 owns 28,329 shares in the company, valued at $6,520,202.64. The trade was a 63.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Stacy Mills sold 1,317 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 2,923 shares of the company’s stock, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,828 shares of company stock worth $13,350,279. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

MMC has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Raymond James reissued an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $230.44.

About Marsh & McLennan Companies

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.