Alps Advisors Inc. Purchases 38,280 Shares of Marsh & McLennan Companies, Inc. $MMC

Alps Advisors Inc. grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 47.1% during the third quarter, HoldingsChannel.com reports. The fund owned 119,481 shares of the financial services provider’s stock after acquiring an additional 38,280 shares during the quarter. Alps Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $24,079,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. bought a new position in Marsh & McLennan Companies during the third quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. Westside Investment Management Inc. lifted 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 valued at $30,000 after acquiring an additional 109 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies in the second quarter worth about $32,000. Finally, TruNorth Capital Management LLC purchased a new stake in Marsh & McLennan Companies during the third quarter valued at approximately $32,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their price target for the company from $200.00 to $195.00 in a report on Monday, October 20th. Keefe, Bruyette & Woods increased their target price on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. dropped their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Cantor Fitzgerald reduced their price objective 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. Finally, Royal Bank Of Canada initiated coverage on Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price for the company. Seven equities research 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. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $216.88.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00. 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 50 day moving average of $184.00 and a 200-day moving average of $191.97. 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 company also recently announced 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 is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 43.17%.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is owned by corporate insiders.

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.