Belpointe Asset Management LLC Acquires 3,987 Shares of Marsh & McLennan Companies, Inc. $MMC

Belpointe Asset Management LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 85.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,674 shares of the financial services provider’s stock after purchasing an additional 3,987 shares during the quarter. Belpointe Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $1,748,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. bought a new position in Marsh & McLennan Companies during the 3rd quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at $29,000. Westside Investment Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 109 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter worth $32,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $32,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 1.7%

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

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be given a $0.90 dividend. The ex-dividend date is Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price for the company. Bank of America restated an “underperform” rating and set a $181.00 price objective (down previously from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Citigroup cut their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Barclays increased their price target on Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Finally, The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $200.00 to $195.00 in a report on Monday, October 20th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.