Marsh & McLennan Companies, Inc. (NYSE:MMC) Position Increased by Advisory Alpha LLC

Advisory Alpha LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,043 shares of the financial services provider’s stock after buying an additional 59 shares during the period. Advisory Alpha LLC’s holdings in Marsh & McLennan Companies were worth $222,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC lifted its position in shares of Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 45 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 52 shares in the last quarter. BSW Wealth Partners lifted its position in shares of Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 53 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 54 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 3.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MMC shares. UBS Group increased their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. Roth Mkm increased their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $228.60.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now directly owns 48,549 shares of the company’s stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $217.62 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $106.88 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.28 and a beta of 0.96. The company’s fifty day moving average is $218.14 and its two-hundred day moving average is $221.23. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50.

Marsh & McLennan Companies Announces Dividend

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

Marsh & McLennan Companies Company 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.