Marsh & McLennan Companies, Inc. $MMC Stock Position Raised by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,260,479 shares of the financial services provider’s stock after acquiring an additional 155,526 shares during the quarter. American Century Companies Inc. owned 0.26% of Marsh & McLennan Companies worth $254,024,000 as of its most recent SEC filing.

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

Marsh & McLennan Companies Stock Performance

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, Inc. has a one year low of $174.18 and a one year high of $248.00. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The company has a fifty day moving average of $183.51 and a 200-day moving average of $189.75.

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MMC shares. Royal Bank Of Canada began coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective on the stock. Evercore decreased their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Cantor Fitzgerald dropped their price target on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Barclays upped their price objective on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Mizuho began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $216.88.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction dated 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 directly owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

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.