Tyler Stone Wealth Management Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tyler Stone Wealth Management lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,380 shares of the financial services provider’s stock after purchasing an additional 231 shares during the quarter. Tyler Stone Wealth Management’s holdings in Marsh & McLennan Companies were worth $293,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO Dean Michael Klisura sold 7,121 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 28,329 shares of the company’s stock, valued at approximately $6,520,202.64. This trade represents a 63.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,828 shares of company stock worth $13,350,279. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MMC. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Redburn Atlantic initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday. They set a “buy” rating and a $281.00 price target for the company. Raymond James restated 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. JPMorgan Chase & Co. raised their target price 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. Finally, Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $233.41.

Marsh & McLennan Companies Price Performance

MMC stock opened at $238.72 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $117.24 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 2.70 and a beta of 0.95. The firm has a 50 day moving average price of $228.56 and a 200-day moving average price of $223.95. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared 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. This represents a $3.26 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, April 3rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

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.