Dynasty Wealth Management LLC Sells 7,008 Shares of Marsh & McLennan Companies, Inc. $MMC

Dynasty Wealth Management LLC decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 48.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,374 shares of the financial services provider’s stock after selling 7,008 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $1,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MMC. AdvisorNet Financial Inc increased its stake in Marsh & McLennan Companies by 5.9% during the second quarter. AdvisorNet Financial Inc now owns 850 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 47 shares during the period. TFR Capital LLC. lifted its holdings in Marsh & McLennan Companies by 2.7% during the 2nd quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock worth $406,000 after buying an additional 48 shares in the last quarter. Ignite Planners LLC grew its stake in shares of Marsh & McLennan Companies by 3.5% in the second quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 49 shares in the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in shares of Marsh & McLennan Companies by 0.7% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock valued at $1,619,000 after acquiring an additional 50 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in Marsh & McLennan Companies by 11.7% during the 2nd quarter. Pittenger & Anderson Inc. now owns 479 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Bank of America restated an “underperform” rating and issued a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Finally, UBS Group cut their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $218.82.

Insiders Place Their Bets

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

MMC stock opened at $182.39 on Wednesday. The company has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The business has a fifty day simple moving average of $183.73 and a 200-day simple moving average of $194.56.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.