Bahl & Gaynor Inc. Sells 86,803 Shares of Marsh & McLennan Companies, Inc. $MMC

Bahl & Gaynor Inc. cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,846,515 shares of the financial services provider’s stock after selling 86,803 shares during the quarter. Marsh & McLennan Companies accounts for approximately 1.8% of Bahl & Gaynor Inc.’s holdings, making the stock its 11th largest position. Bahl & Gaynor Inc. owned approximately 0.38% of Marsh & McLennan Companies worth $372,128,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rockland Trust Co. boosted its position in shares of Marsh & McLennan Companies by 801.6% in the third quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock worth $2,433,000 after purchasing an additional 10,734 shares during the period. Vanguard Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after buying an additional 837,117 shares in the last quarter. Navera Investment Management Ltd. increased its stake in Marsh & McLennan Companies by 7.0% in the 3rd quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock worth $327,303,000 after buying an additional 105,954 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in Marsh & McLennan Companies by 4.4% during the third quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock valued at $15,356,000 after acquiring an additional 3,177 shares during the period. Finally, Allstate Corp bought a new position in shares of Marsh & McLennan Companies in the third quarter worth about $3,742,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $182.39 on Monday. The firm has a fifty day simple moving average of $183.51 and a two-hundred day simple moving average of $189.61. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock 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. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders 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 dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

Analysts Set New Price Targets

A number of research analysts recently commented on MMC shares. Barclays boosted their price target on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Evercore dropped their target price on shares of 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 reduced 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 report on Wednesday, January 14th. Mizuho initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.