ABN Amro Investment Solutions Sells 5,353 Shares of Marsh & McLennan Companies, Inc. $MMC

ABN Amro Investment Solutions reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 187,127 shares of the financial services provider’s stock after selling 5,353 shares during the period. ABN Amro Investment Solutions’ holdings in Marsh & McLennan Companies were worth $37,712,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares during the period. Bison Wealth LLC grew its position in shares of Marsh & McLennan Companies by 39.6% in the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 869 shares in the last quarter. RFG Advisory LLC raised its stake in shares of Marsh & McLennan Companies by 5.0% during the 2nd quarter. RFG Advisory LLC now owns 1,375 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 66 shares during the period. Harbour Investments Inc. boosted its stake in Marsh & McLennan Companies by 45.7% in the 2nd quarter. Harbour Investments Inc. now owns 1,825 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 572 shares during the period. Finally, Mutual Advisors LLC grew its holdings in Marsh & McLennan Companies by 3.3% during the 2nd quarter. Mutual Advisors LLC now owns 3,687 shares of the financial services provider’s stock valued at $776,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

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 stock has a fifty day moving average price of $183.92 and a 200 day moving average price of $191.09. 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 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, January 29th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MMC shares. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price objective for the company from $200.00 to $195.00 in a research report on Monday, October 20th. Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price on the stock. Wells Fargo & Company reduced 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 report on Tuesday, January 13th. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Finally, Barclays upped their target price on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Seven equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $216.88.

Insiders Place Their Bets

In other Marsh & McLennan Companies 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 transaction, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies Company 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.