Dynamic Advisor Solutions LLC Has $372,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dynamic Advisor Solutions LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,753 shares of the financial services provider’s stock after selling 590 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Marsh & McLennan Companies were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Carmichael Hill & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the 4th quarter valued at $38,000. Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth $41,000. Finally, Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $46,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MMC. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Bank of America raised their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Barclays raised their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $228.60.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Up 2.2 %

Shares of NYSE:MMC opened at $223.76 on Tuesday. The company has a 50 day moving average price of $218.00 and a two-hundred day moving average price of $221.35. The company has a market capitalization of $109.89 billion, a PE ratio of 27.56, a PEG ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52 week low of $189.90 and a 52 week high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Marsh & McLennan Companies Company 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.