Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by CX Institutional

CX Institutional increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,204 shares of the financial services provider’s stock after buying an additional 3,805 shares during the period. CX Institutional’s holdings in Marsh & McLennan Companies were worth $7,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. raised its stake in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the third quarter valued at approximately $31,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $38,000. Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $41,000. Finally, Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at approximately $46,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on MMC. Keefe, Bruyette & Woods boosted their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research note on Friday, January 10th. BMO Capital Markets increased their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Down 0.1 %

Marsh & McLennan Companies stock opened at $217.20 on Friday. The company’s 50-day moving average price is $218.14 and its two-hundred day moving average price is $221.23. The stock has a market cap of $106.67 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week 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.

Marsh & McLennan Companies Dividend Announcement

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

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

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.