Caprock Group LLC Purchases Shares of 15,341 Marsh & McLennan Companies, Inc. $MMC

Caprock Group LLC purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,341 shares of the financial services provider’s stock, valued at approximately $3,157,000.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $1,328,587,000. Soundwatch Capital LLC acquired a new position in Marsh & McLennan Companies during the second quarter valued at approximately $560,820,000. Mackenzie Financial Corp raised its stake in 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 acquiring an additional 1,554,114 shares in the last quarter. Amundi boosted its holdings in shares of Marsh & McLennan Companies by 89.2% during the 2nd quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock valued at $615,309,000 after acquiring an additional 1,363,706 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after buying an additional 837,117 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Down 1.7%

MMC stock opened at $182.39 on Friday. The business’s 50-day moving average price is $183.90 and its 200-day moving average price is $191.34. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The stock has a market cap of $89.35 billion, a P/E ratio of 21.87, a PEG 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 declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated 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 owned 87,681 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. JPMorgan Chase & Co. decreased their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Wells Fargo & Company cut their price target 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. Royal Bank Of Canada assumed coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price for the company. Finally, Cantor Fitzgerald reduced their price objective on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company 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.