Bowen Hanes & Co. Inc. Lowers Stake in Marsh & McLennan Companies, Inc. $MMC

Bowen Hanes & Co. Inc. lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 91.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,161 shares of the financial services provider’s stock after selling 123,340 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Marsh & McLennan Companies were worth $2,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Journey Advisory Group LLC raised its stake in shares of Marsh & McLennan Companies by 5.9% during the 3rd quarter. Journey Advisory Group LLC now owns 1,800 shares of the financial services provider’s stock worth $363,000 after buying an additional 100 shares during the period. Advyzon Investment Management LLC increased its holdings in Marsh & McLennan Companies by 8.8% in the 3rd quarter. Advyzon Investment Management LLC now owns 2,710 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 220 shares in the last quarter. Citigroup Inc. raised its position in Marsh & McLennan Companies by 1.9% during the third quarter. Citigroup Inc. now owns 496,880 shares of the financial services provider’s stock worth $100,136,000 after acquiring an additional 9,088 shares during the period. Rossby Financial LCC lifted its holdings in Marsh & McLennan Companies by 8.2% during the third quarter. Rossby Financial LCC now owns 4,489 shares of the financial services provider’s stock valued at $904,000 after purchasing an additional 340 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $267,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MMC shares. Wells Fargo & Company decreased their price target on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. TD Cowen lowered their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Cantor Fitzgerald reduced their price objective on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Evercore decreased their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $216.88.

Marsh & McLennan Companies Price Performance

The stock 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. The company has a 50-day moving average of $183.90 and a two-hundred day moving average of $190.50. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, January 29th were given 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 (DPR) is currently 43.17%.

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.