Marsh & McLennan Companies, Inc. $MMC Position Cut by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,361 shares of the financial services provider’s stock after selling 10,287 shares during the period. Baillie Gifford & Co.’s holdings in Marsh & McLennan Companies were worth $16,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MMC. Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies in the third quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the 2nd quarter worth about $29,000. Westside Investment Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the period. Delos Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $32,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $32,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MMC shares. Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target for the company. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley lowered their target price on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. UBS Group cut their price target on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald lowered their price objective on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $218.82.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The stock has a 50 day moving average price of $183.69 and a two-hundred day moving average price of $194.05. The company has a market cap of $89.35 billion, a P/E 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 Announces Dividend

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

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Profile

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.