Marsh & McLennan Companies, Inc. $MMC Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 95.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,294 shares of the financial services provider’s stock after selling 243,054 shares during the quarter. Donaldson Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $2,075,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its stake in Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 46.5% during the second quarter. Pure Financial Advisors LLC now owns 2,963 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 941 shares during the period. J. Safra Sarasin Holding AG purchased a new position in Marsh & McLennan Companies in the 2nd quarter valued at $283,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Marsh & McLennan Companies by 9.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,554 shares of the financial services provider’s stock worth $14,114,000 after buying an additional 5,463 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. 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 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. The firm has a fifty day moving average price of $183.96 and a two-hundred day moving average price of $192.98.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be paid 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 payout ratio is 43.17%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MMC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Barclays lifted their price objective on Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. UBS Group cut their target price on Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Citigroup decreased their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Finally, Mizuho began coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price for the company. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $218.82.

Insiders Place Their Bets

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

Marsh & McLennan Companies 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.