Marsh & McLennan Companies, Inc. $MMC Stake Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,065,069 shares of the financial services provider’s stock after selling 11,805 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.63% of Marsh & McLennan Companies worth $617,703,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MMC. Jennison Associates LLC raised its position in shares of Marsh & McLennan Companies by 225.1% during the 2nd quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after buying an additional 727,714 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after acquiring an additional 837,117 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Marsh & McLennan Companies by 18.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after purchasing an additional 34,400 shares in the last quarter. Navera Investment Management Ltd. lifted its position in Marsh & McLennan Companies by 7.0% in the third quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock worth $327,303,000 after purchasing an additional 105,954 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in Marsh & McLennan Companies by 48,212.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,629,187 shares of the financial services provider’s stock valued at $574,845,000 after purchasing an additional 2,623,745 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup cut their price objective on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Keefe, Bruyette & Woods boosted their price target on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Mizuho started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price on the stock. Finally, Bank of America restated an “underperform” rating and set a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $218.82.

Marsh & McLennan Companies Trading Down 1.7%

Shares of MMC 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. 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 P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The business’s 50-day moving average price is $183.87 and its 200 day moving average price is $193.39.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared 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. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction 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.