Canada Post Corp Registered Pension Plan Acquires 19,004 Shares of Marsh & McLennan Companies, Inc. $MMC

Canada Post Corp Registered Pension Plan lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 120.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,783 shares of the financial services provider’s stock after buying an additional 19,004 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Marsh & McLennan Companies were worth $6,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted its position in Marsh & McLennan Companies by 39.6% in the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after buying an additional 869 shares during the last quarter. Sax Wealth Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 33.4% in the 2nd quarter. Sax Wealth Advisors LLC now owns 1,493 shares of the financial services provider’s stock valued at $326,000 after buying an additional 374 shares during the period. Clear Creek Financial Management LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter worth $255,000. Finally, Maryland State Retirement & Pension System boosted its holdings in Marsh & McLennan Companies by 4.0% in the second quarter. Maryland State Retirement & Pension System now owns 23,988 shares of the financial services provider’s stock valued at $5,245,000 after acquiring an additional 932 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on MMC shares. Mizuho initiated coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective for the company. Cantor Fitzgerald dropped their price target on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Evercore dropped their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $216.88.

Insider Activity

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 sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock Down 1.7%

Shares of NYSE:MMC opened at $182.39 on Friday. The company has a 50 day moving average price of $184.00 and a two-hundred day moving average price of $192.10. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, January 29th. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s payout ratio is currently 43.17%.

About Marsh & McLennan Companies

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.