Insigneo Advisory Services LLC Has $254,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Insigneo Advisory Services LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,196 shares of the financial services provider’s stock after selling 288 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MMC. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $36,000. Albion Financial Group UT acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $38,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $41,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at about $45,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMC has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Marsh & McLennan Companies from $210.00 to $220.00 and gave the company an “underperform” rating in a research note on Wednesday, April 9th. Redburn Atlantic started 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. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, Barclays raised their price objective on Marsh & McLennan Companies from $246.00 to $249.00 and gave the company an “equal weight” rating in a research note on Friday, April 11th. Two 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’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $239.53.

Marsh & McLennan Companies Trading Down 4.8 %

Shares of NYSE MMC opened at $220.15 on Friday. The stock has a market cap of $108.51 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The firm has a 50 day moving average price of $232.95 and a two-hundred day moving average price of $224.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 52-week low of $196.72 and a 52-week high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.08 billion. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. During the same period in the previous year, the business earned $2.89 EPS. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a yield of 1.48%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Insider Transactions at Marsh & McLennan Companies

In related news, VP Stacy Mills sold 1,317 shares of the firm’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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Paul Beswick sold 2,237 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $246.00, for a total value of $550,302.00. Following the completion of the transaction, the senior vice president now directly owns 13,522 shares in the company, valued at approximately $3,326,412. This trade represents a 14.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,634 shares of company stock worth $16,244,986. Company insiders own 0.30% of the company’s stock.

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.