Belpointe Asset Management LLC Acquires 3,987 Shares of Marsh & McLennan Companies, Inc. $MMC

Belpointe Asset Management LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 85.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,674 shares of the financial services provider’s stock after acquiring an additional 3,987 shares during the quarter. Belpointe Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $1,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riverwater Partners LLC grew its stake in Marsh & McLennan Companies by 39.9% in the 3rd quarter. Riverwater Partners LLC now owns 1,473 shares of the financial services provider’s stock worth $297,000 after buying an additional 420 shares in the last quarter. Markel Group Inc. increased its stake in Marsh & McLennan Companies by 0.8% in the third quarter. Markel Group Inc. now owns 755,000 shares of the financial services provider’s stock valued at $152,155,000 after acquiring an additional 6,250 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Marsh & McLennan Companies by 2.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 67,878 shares of the financial services provider’s stock valued at $13,653,000 after purchasing an additional 1,416 shares in the last quarter. Whittier Trust Co. lifted its stake in Marsh & McLennan Companies by 2.5% during the third quarter. Whittier Trust Co. now owns 174,402 shares of the financial services provider’s stock worth $35,079,000 after purchasing an additional 4,242 shares during the last quarter. Finally, Quilter Plc increased its position in shares of Marsh & McLennan Companies by 7.8% during the 3rd quarter. Quilter Plc now owns 405,379 shares of the financial services provider’s stock valued at $81,696,000 after purchasing an additional 29,166 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MMC shares. Royal Bank Of Canada initiated coverage on 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. Mizuho started coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price objective for the company. UBS Group decreased 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 report on Wednesday, October 8th. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price target for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Finally, Morgan Stanley decreased their price objective 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. 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. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $218.82.

Marsh & McLennan Companies Price Performance

MMC stock opened at $182.39 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average price is $183.87 and its two-hundred day moving average price is $193.39. The stock has a market capitalization of $89.35 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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

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.