Citigroup Inc. Has $100.14 Million Position in Marsh & McLennan Companies, Inc. $MMC

Citigroup Inc. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 496,880 shares of the financial services provider’s stock after buying an additional 9,088 shares during the quarter. Citigroup Inc. owned approximately 0.10% of Marsh & McLennan Companies worth $100,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bison Wealth LLC raised its holdings in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Marsh & McLennan Companies by 5.2% in the 2nd quarter. Brookstone Capital Management now owns 2,204 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 108 shares during the last quarter. CVA Family Office LLC grew its position in shares of Marsh & McLennan Companies by 5.3% during the 2nd quarter. CVA Family Office LLC now owns 1,189 shares of the financial services provider’s stock worth $260,000 after buying an additional 60 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in Marsh & McLennan Companies by 9.7% in the second quarter. Leavell Investment Management Inc. now owns 4,982 shares of the financial services provider’s stock valued at $1,089,000 after buying an additional 439 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MMC. Mizuho initiated coverage on Marsh & McLennan Companies in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price target on the stock. JPMorgan Chase & Co. cut their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Citigroup decreased their price target on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Barclays raised their price objective 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. Finally, Bank of America restated an “underperform” rating and issued a $181.00 price target (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $216.88.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $182.39 on Monday. 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 business has a 50-day moving average of $183.90 and a 200-day moving average of $190.41. The stock has a market capitalization of $89.35 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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

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.