Marsh & McLennan Companies, Inc. $MMC Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 44.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,914 shares of the financial services provider’s stock after selling 128,605 shares during the period. AMF Tjanstepension AB’s holdings in Marsh & McLennan Companies were worth $31,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of MMC. Pinnacle Bancorp Inc. purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth $25,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at about $29,000. Westside Investment Management Inc. raised its position in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 109 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies in the 2nd quarter valued at about $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

The firm has a 50-day moving average price of $183.69 and a 200-day moving average price of $194.05. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The stock has a market capitalization of $89.35 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be given a $0.90 dividend. The ex-dividend date of this dividend 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 currently 43.17%.

Analyst Ratings Changes

Several analysts recently commented on MMC shares. JPMorgan Chase & Co. dropped their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. UBS Group lowered their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price for the company. Morgan Stanley lowered their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Finally, TD Cowen cut their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $218.82.

Insider Transactions at Marsh & McLennan Companies

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

Marsh & McLennan Companies Company 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.