MinichMacGregor Wealth Management LLC Buys 1,473 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

MinichMacGregor Wealth Management LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,148 shares of the financial services provider’s stock after acquiring an additional 1,473 shares during the period. Marsh & McLennan Companies accounts for 1.7% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 25th largest position. MinichMacGregor Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $8,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. AE Wealth Management LLC increased its position in Marsh & McLennan Companies by 10.5% during the 2nd quarter. AE Wealth Management LLC now owns 2,868 shares of the financial services provider’s stock worth $604,000 after buying an additional 272 shares during the period. Evergreen Capital Management LLC increased its position in Marsh & McLennan Companies by 18.1% during the second quarter. Evergreen Capital Management LLC now owns 1,791 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 274 shares during the period. Marshall Wace LLP acquired a new stake in Marsh & McLennan Companies in the 2nd quarter worth about $20,882,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Marsh & McLennan Companies by 59.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 94,175 shares of the financial services provider’s stock valued at $19,845,000 after purchasing an additional 35,108 shares during the period. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Marsh & McLennan Companies by 6.7% during the second quarter. Insigneo Advisory Services LLC now owns 1,873 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays raised their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. UBS Group upped their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $217.37 on Thursday. The business’s 50-day moving average price is $218.14 and its 200-day moving average price is $221.23. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $106.75 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.28 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.