Advisory Alpha LLC Acquires 59 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Advisory Alpha LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,043 shares of the financial services provider’s stock after purchasing an additional 59 shares during the period. Advisory Alpha LLC’s holdings in Marsh & McLennan Companies were worth $222,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. raised its stake in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $41,000. Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $46,000. Finally, Fortitude Family Office LLC grew its position in shares of Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after buying an additional 45 shares during the period. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of analyst reports. Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. Barclays boosted their price objective 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. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $217.62 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. The firm has a fifty day simple moving average of $218.14 and a 200 day simple moving average of $221.23. The stock has a market capitalization of $106.88 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.28 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the 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 in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

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.