Assetmark Inc. Boosts Position in Marsh & McLennan Companies, Inc. $MMC

Assetmark Inc. lifted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 688,583 shares of the financial services provider’s stock after buying an additional 4,071 shares during the quarter. Assetmark Inc. owned about 0.14% of Marsh & McLennan Companies worth $138,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rockland Trust Co. increased its stake 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 valued at $2,433,000 after purchasing an additional 10,734 shares in the last quarter. Jennison Associates LLC increased its position in Marsh & McLennan Companies by 225.1% during the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock valued at $229,803,000 after acquiring an additional 727,714 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 worth $10,092,108,000 after buying an additional 837,117 shares during the last quarter. Navera Investment Management Ltd. boosted its stake in shares of Marsh & McLennan Companies by 7.0% during the 3rd quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock worth $327,303,000 after acquiring an additional 105,954 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in 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 worth $47,692,000 after acquiring an additional 34,400 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marsh & McLennan Companies

In related 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 owned 87,681 shares in the company, valued at $15,977,231.82. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Performance

MMC opened at $182.39 on Friday. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. 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 firm’s 50-day moving average price is $183.90 and its 200-day moving average price is $191.34.

Marsh & McLennan Companies Dividend Announcement

The business 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 dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is 43.17%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Bank of America reaffirmed an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Cantor Fitzgerald dropped their price target on 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. Wells Fargo & Company decreased their price objective on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Evercore lowered their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research note on Wednesday, January 7th. Finally, Citigroup cut their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus 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.