Gateway Investment Advisers LLC lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,121 shares of the financial services provider’s stock after selling 220 shares during the period. Gateway Investment Advisers LLC’s holdings in Marsh & McLennan Companies were worth $663,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC lifted its stake in Marsh & McLennan Companies by 6.6% during the 2nd quarter. Ieq Capital LLC now owns 30,335 shares of the financial services provider’s stock valued at $6,392,000 after acquiring an additional 1,869 shares during the period. Benjamin Edwards Inc. raised its holdings in Marsh & McLennan Companies by 6.4% during the second quarter. Benjamin Edwards Inc. now owns 3,900 shares of the financial services provider’s stock valued at $822,000 after acquiring an additional 236 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Marsh & McLennan Companies by 30.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 337,980 shares of the financial services provider’s stock worth $71,219,000 after purchasing an additional 79,356 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Marsh & McLennan Companies by 313.5% in the second quarter. King Luther Capital Management Corp now owns 57,532 shares of the financial services provider’s stock worth $12,123,000 after buying an additional 43,618 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 10.5% during the 2nd quarter. AE Wealth Management LLC now owns 2,868 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 272 shares during the last quarter. 87.99% of the stock is owned by institutional investors.
Marsh & McLennan Companies Stock Performance
Shares of MMC stock opened at $215.23 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. The firm has a market capitalization of $105.71 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average of $218.62 and a 200 day moving average of $221.09.
Marsh & McLennan Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.51%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on MMC. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. Barclays increased their price target 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. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. 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, JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $228.60.
Check Out Our Latest Research Report on Marsh & McLennan Companies
Insider Transactions at Marsh & McLennan Companies
In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.
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