Advisors Asset Management Inc. Acquires 4,106 Shares of Marsh & McLennan Companies, Inc. $MMC

Advisors Asset Management Inc. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,078 shares of the financial services provider’s stock after acquiring an additional 4,106 shares during the quarter. Advisors Asset Management Inc.’s holdings in Marsh & McLennan Companies were worth $6,062,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MMC. Rockland Trust Co. grew its holdings in Marsh & McLennan Companies by 801.6% during the 3rd 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 period. Jennison Associates LLC raised its stake in shares of Marsh & McLennan Companies by 225.1% in the 2nd quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock valued at $229,803,000 after purchasing an additional 727,714 shares during the period. Vanguard Group Inc. grew its position 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 purchasing an additional 837,117 shares in the last quarter. Navera Investment Management Ltd. grew its stake 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 valued at $327,303,000 after purchasing an additional 105,954 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Marsh & McLennan Companies by 18.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock valued at $47,692,000 after acquiring an additional 34,400 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Down 1.7%

Shares of NYSE:MMC opened at $182.39 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization 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 business has a fifty day moving average price of $183.90 and a two-hundred day moving average price of $191.34. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Ratings Changes

MMC has been the topic of several research analyst reports. Mizuho initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price objective on the stock. Bank of America restated an “underperform” rating and set a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $216.88.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

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.