Reliant Investment Management LLC Increases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Reliant Investment Management LLC lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,939 shares of the financial services provider’s stock after purchasing an additional 1,320 shares during the quarter. Marsh & McLennan Companies comprises about 2.3% of Reliant Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Reliant Investment Management LLC’s holdings in Marsh & McLennan Companies were worth $5,297,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC boosted its stake in Marsh & McLennan Companies by 10.5% during the second quarter. AE Wealth Management LLC now owns 2,868 shares of the financial services provider’s stock worth $604,000 after buying an additional 272 shares during the period. Thrivent Financial for Lutherans boosted its stake in Marsh & McLennan Companies by 5.5% during the second quarter. Thrivent Financial for Lutherans now owns 169,151 shares of the financial services provider’s stock worth $35,644,000 after buying an additional 8,796 shares during the period. ProShare Advisors LLC boosted its stake in Marsh & McLennan Companies by 4.9% during the second quarter. ProShare Advisors LLC now owns 100,846 shares of the financial services provider’s stock worth $21,250,000 after buying an additional 4,735 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Marsh & McLennan Companies by 11,675.9% during the second quarter. Frank Rimerman Advisors LLC now owns 3,415 shares of the financial services provider’s stock worth $720,000 after buying an additional 3,386 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its stake in Marsh & McLennan Companies by 332.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 4,757 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 3,656 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.5 %

MMC stock opened at $215.23 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The company’s 50 day moving average is $218.62 and its two-hundred day moving average is $221.21. The stock has a market cap of $105.71 billion, a P/E ratio of 26.51, a PEG ratio of 2.38 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMC. Bank of America increased their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $228.60.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

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.