Bank of New York Mellon Corp Has $617.70 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Bank of New York Mellon Corp decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the third quarter, Holdings Channel.com reports. The firm owned 3,065,069 shares of the financial services provider’s stock after selling 11,805 shares during the period. Bank of New York Mellon Corp’s holdings in Marsh & McLennan Companies were worth $617,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TFR Capital LLC. increased its stake in Marsh & McLennan Companies by 2.7% in the 2nd quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock valued at $406,000 after buying an additional 48 shares during the period. Ignite Planners LLC grew its holdings in shares of Marsh & McLennan Companies by 3.5% during the 2nd quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 49 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of Marsh & McLennan Companies by 0.7% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock worth $1,619,000 after acquiring an additional 50 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in Marsh & McLennan Companies by 11.7% during the second quarter. Pittenger & Anderson Inc. now owns 479 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 50 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its stake in Marsh & McLennan Companies by 31.3% in the third quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 51 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was 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 owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $182.39 on Thursday. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The company has a fifty day simple moving average of $183.87 and a 200 day simple moving average of $193.39. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and reduced their price target for the company from $200.00 to $195.00 in a report on Monday, October 20th. Morgan Stanley reduced their target price on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Mizuho assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target on the stock. Citigroup reduced their price objective on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald lowered their target price 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. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $218.82.

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.