Marsh & McLennan Companies, Inc. $MMC Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,112 shares of the financial services provider’s stock after selling 35,455 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Marsh & McLennan Companies were worth $34,887,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wesbanco Bank Inc. raised its position in shares of Marsh & McLennan Companies by 30.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 1,540 shares of the financial services provider’s stock worth $310,000 after purchasing an additional 363 shares during the last quarter. Midwest Trust Co increased its position in Marsh & McLennan Companies by 12.5% during the third quarter. Midwest Trust Co now owns 4,517 shares of the financial services provider’s stock worth $910,000 after buying an additional 501 shares in the last quarter. Rockland Trust Co. raised its holdings in shares of Marsh & McLennan Companies by 801.6% in the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock worth $2,433,000 after acquiring an additional 10,734 shares during the last quarter. Summit Asset Management LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $354,000. Finally, Bryce Point Capital LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $550,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 1.7%

Shares of MMC opened at $182.39 on Tuesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The company’s fifty day moving average is $183.97 and its two-hundred day moving average is $191.66. The firm has a market cap of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth 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 company 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. 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 (DPR) is 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’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 completion of the sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MMC. Royal Bank Of Canada began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price on the stock. TD Cowen reduced their price objective on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Citigroup reduced their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Seven 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’s stock. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $216.88.

About Marsh & McLennan Companies

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.