RDA Financial Network Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

RDA Financial Network lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,772 shares of the financial services provider’s stock after buying an additional 92 shares during the period. RDA Financial Network’s holdings in Marsh & McLennan Companies were worth $376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. raised its position in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $31,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies in the third quarter worth approximately $41,000. Bangor Savings Bank bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $46,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Marsh & McLennan Companies by 390.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock valued at $57,000 after buying an additional 215 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $215.23 on Friday. The company has a market capitalization of $105.71 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.31 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock’s 50-day simple moving average is $218.82 and its 200-day simple moving average is $221.06. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.51%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analyst Weigh In

MMC has been the subject of several research analyst reports. Barclays lifted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped 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, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.60.

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.