Andra AP fonden Has $10.30 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Andra AP fonden lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 136.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,110 shares of the financial services provider’s stock after purchasing an additional 29,500 shares during the quarter. Andra AP fonden’s holdings in Marsh & McLennan Companies were worth $10,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. grew its stake in Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies during the 2nd quarter worth about $32,000. Finally, TruNorth Capital Management LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.7%

NYSE:MMC opened at $182.39 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The stock has a 50-day moving average price of $183.51 and a two-hundred day moving average price of $189.86. The stock has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. 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 Dividend Announcement

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

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MMC shares. Bank of America reaffirmed an “underperform” rating and set a $181.00 price target (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. 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 research report on Wednesday, January 7th. Evercore dropped their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Finally, Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target on the stock. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $216.88.

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.