Dover Advisors LLC Acquires 5,081 Shares of Marsh & McLennan Companies, Inc. $MMC

Dover Advisors LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 163.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,183 shares of the financial services provider’s stock after purchasing an additional 5,081 shares during the period. Dover Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MMC. Bleakley Financial Group LLC grew its holdings in shares of Marsh & McLennan Companies by 2.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 35,028 shares of the financial services provider’s stock valued at $7,059,000 after acquiring an additional 737 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ grew its stake in Marsh & McLennan Companies by 2.5% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 157,370 shares of the financial services provider’s stock valued at $31,715,000 after purchasing an additional 3,829 shares in the last quarter. Journey Advisory Group LLC increased its position 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 purchasing an additional 100 shares during the last quarter. Advyzon Investment Management LLC raised its stake in shares of Marsh & McLennan Companies by 8.8% during the 3rd quarter. Advyzon Investment Management LLC now owns 2,710 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 220 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Marsh & McLennan Companies by 1.9% in the third quarter. Citigroup Inc. now owns 496,880 shares of the financial services provider’s stock valued at $100,136,000 after buying an additional 9,088 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Price Performance

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 firm has a market capitalization of $89.35 billion, a P/E ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The stock’s 50-day moving average is $183.90 and its 200 day moving average is $190.50. 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 announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, January 29th were paid a $0.90 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of brokerages have commented on MMC. 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. TD Cowen cut their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Evercore lowered their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Finally, Citigroup decreased their target price on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $216.88.

Marsh & McLennan Companies 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.