Allred Capital Management LLC Has $846,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Allred Capital Management LLC reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,984 shares of the financial services provider’s stock after selling 210 shares during the quarter. Allred Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Golden State Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $45,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MMC. Keefe, Bruyette & Woods boosted their price target on Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an “underperform” rating in a research note on Wednesday, April 9th. Jefferies Financial Group raised their price target on shares of Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Raymond James reissued an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $239.53.

Marsh & McLennan Companies Price Performance

MMC stock opened at $220.15 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $196.72 and a 1 year high of $248.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $108.51 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 2.70 and a beta of 0.85. The company has a 50 day simple moving average of $233.11 and a 200 day simple moving average of $224.79.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter last year, the business posted $2.89 EPS. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm 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 dividend of $0.815 per share. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.48%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, SVP Paul Beswick sold 2,237 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $246.00, for a total value of $550,302.00. Following the sale, the senior vice president now owns 13,522 shares in the company, valued at approximately $3,326,412. The trade was a 14.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stacy Mills sold 1,317 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $309,455.49. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,634 shares of company stock valued at $16,244,986 in the last ninety days. 0.30% of the stock is currently owned by insiders.

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.