Envestnet Asset Management Inc. Buys 26,148 Shares of Marsh & McLennan Companies, Inc. $MMC

Envestnet Asset Management Inc. raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,296,472 shares of the financial services provider’s stock after purchasing an additional 26,148 shares during the period. Envestnet Asset Management Inc. owned 0.26% of Marsh & McLennan Companies worth $261,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter worth $29,000. Westside Investment Management Inc. raised its stake in Marsh & McLennan Companies by 363.3% in the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in Marsh & McLennan Companies in the second quarter worth about $32,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $32,000. 87.99% of the stock is currently owned by institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s 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 completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

Shares of NYSE:MMC opened at $182.39 on Friday. 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 12-month low of $174.18 and a 12-month high of $248.00. The business has a 50 day moving average of $184.02 and a two-hundred day moving average of $192.29. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MMC shares. Mizuho initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $200.00 to $195.00 in a research note on Monday, October 20th. Evercore ISI dropped their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Finally, Barclays raised their price objective on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $216.88.

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.