2,735 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Coign Capital Advisors LLC

Coign Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,735 shares of the financial services provider’s stock, valued at approximately $581,000.

A number of other institutional investors also recently made changes to their positions in the business. Louisbourg Investments Inc. increased its stake in shares of Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after buying an additional 3,300 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Marsh & McLennan Companies by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 85,424 shares of the financial services provider’s stock worth $19,461,000 after purchasing an additional 3,553 shares during the last quarter. Czech National Bank lifted its position in shares of Marsh & McLennan Companies by 6.3% during the fourth quarter. Czech National Bank now owns 106,485 shares of the financial services provider’s stock worth $22,618,000 after purchasing an additional 6,310 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Marsh & McLennan Companies by 9.4% in the fourth quarter. Handelsbanken Fonder AB now owns 191,512 shares of the financial services provider’s stock worth $40,679,000 after purchasing an additional 16,464 shares in the last quarter. Finally, Brentview Investment Management LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $3,635,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $228.56 on Friday. The stock’s 50 day moving average price is $232.63 and its 200 day moving average price is $224.55. 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 $112.66 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.70 and a beta of 0.85. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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 anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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 issued a $0.815 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of Marsh & McLennan Companies 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 $309,455.49. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares in the company, valued at $4,919,096.95. The trade was a 25.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,634 shares of company stock worth $16,244,986. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MMC. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group increased their price target on Marsh & McLennan Companies from $259.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $234.65.

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.