Financial Engines Advisors L.L.C. Has $7.18 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Financial Engines Advisors L.L.C. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1,030.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,788 shares of the financial services provider’s stock after acquiring an additional 30,799 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Marsh & McLennan Companies were worth $7,177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies during the fourth quarter worth about $36,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth about $38,000. Golden State Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $41,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

In other Marsh & McLennan Companies news, VP Stacy Mills sold 1,317 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total transaction of $309,455.49. Following the transaction, the vice president now owns 2,923 shares in the company, valued at $686,817.31. This trade represents a 31.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dean Michael Klisura sold 7,121 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 20,935 shares of the company’s stock, valued at approximately $4,919,096.95. The trade was a 25.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,828 shares of company stock valued at $13,350,279 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Up 0.9 %

Marsh & McLennan Companies stock opened at $236.78 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The firm has a market capitalization of $116.29 billion, a PE ratio of 28.91, a P/E/G ratio of 2.70 and a beta of 0.95. The company’s 50-day moving average is $228.03 and its 200-day moving average is $223.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) 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%. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $3.26 annualized dividend and a dividend yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday. They issued a “buy” rating and a $281.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Raymond James restated an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $233.41.

Marsh & McLennan Companies 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.