Level Four Advisory Services LLC Has $743,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Level Four Advisory Services LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,497 shares of the financial services provider’s stock after purchasing an additional 109 shares during the period. Level Four Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $743,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Marsh & McLennan Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,739,515 shares of the financial services provider’s stock valued at $9,503,120,000 after buying an additional 356,618 shares during the period. Geode Capital Management LLC increased its position in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares during the period. Norges Bank acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter worth approximately $1,236,186,000. Amundi boosted its stake 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 valued at $860,824,000 after purchasing an additional 1,823,807 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.4 %

NYSE MMC opened at $242.39 on Monday. 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 business has a fifty day simple moving average of $229.65 and a 200 day simple moving average of $224.08. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $243.89. The firm has a market capitalization of $119.04 billion, a P/E ratio of 29.60, a PEG ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal 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 issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $309,455.49. Following the sale, the vice president now 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 legal filing with the SEC, which is accessible through this link. Also, CEO Dean Michael Klisura sold 7,121 shares of the 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 $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. This represents a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,828 shares of company stock worth $13,350,279. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Redburn Atlantic began coverage on Marsh & McLennan Companies in a research note on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price for the company. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Raymond James reiterated an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $233.41.

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.