Marsh & McLennan Companies, Inc. $MMC Shares Sold by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 88.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 415 shares of the financial services provider’s stock after selling 3,186 shares during the period. GF Fund Management CO. LTD.’s holdings in Marsh & McLennan Companies were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MMC. Norges Bank acquired a new stake in Marsh & McLennan Companies in the second quarter valued at $1,328,587,000. Soundwatch Capital LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth about $560,820,000. Mackenzie Financial Corp lifted its position in shares of Marsh & McLennan Companies by 212.6% during the second quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock worth $499,635,000 after purchasing an additional 1,554,114 shares during the last quarter. Amundi grew its stake in Marsh & McLennan Companies by 89.2% in the second quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock worth $615,309,000 after purchasing an additional 1,363,706 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Marsh & McLennan Companies by 1.8% in 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 buying an additional 837,117 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MMC shares. Keefe, Bruyette & Woods lifted their target price on 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. 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. TD Cowen reduced their price target on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. The Goldman Sachs Group raised shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Finally, Royal Bank Of Canada initiated 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. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $216.88.

Marsh & McLennan Companies Trading Down 1.7%

Shares of NYSE:MMC opened at $182.39 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $183.94 and its 200 day moving average price is $190.91. The company has a market cap of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00.

Marsh & McLennan Companies Announces Dividend

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

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated 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 $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies 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.