Integrated Wealth Concepts LLC Boosts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Integrated Wealth Concepts LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,942 shares of the financial services provider’s stock after purchasing an additional 453 shares during the period. Integrated Wealth Concepts LLC’s holdings in Marsh & McLennan Companies were worth $1,050,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MMC. Financial Life Planners purchased a new position in Marsh & McLennan Companies during the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $38,000. Transce3nd LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $39,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total transaction of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. The trade was a 63.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies 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 sale, the vice president now directly owns 2,923 shares in the company, valued at approximately $686,817.31. The trade was 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 over the last three months. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Redburn Atlantic assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, March 25th. They set a “buy” rating and a $281.00 target price on the stock. UBS Group upped their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $237.00 to $244.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $241.93.

Marsh & McLennan Companies Price Performance

MMC stock opened at $222.23 on Wednesday. Marsh & McLennan Companies, Inc. has a 52-week low of $196.72 and a 52-week high of $248.00. The stock’s fifty day simple moving average is $231.40 and its 200-day simple moving average is $224.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $109.50 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, April 17th. The financial services provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter last year, the firm earned $2.89 earnings per share. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 3rd will be issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, April 3rd. Marsh & McLennan Companies’s payout ratio is currently 39.95%.

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.