Compagnie Lombard Odier SCmA Cuts Stake in Marsh & McLennan Companies, Inc. $MMC

Compagnie Lombard Odier SCmA lessened its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 17.0% in the third quarter, Holdings Channel reports. The fund owned 173,112 shares of the financial services provider’s stock after selling 35,455 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Marsh & McLennan Companies were worth $34,887,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MMC. Pinnacle Bancorp Inc. bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies in the second quarter worth $29,000. Westside Investment Management Inc. increased its stake in Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after buying an additional 109 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter valued at approximately $32,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter worth $32,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Down 1.7%

Shares of MMC opened at $182.39 on Tuesday. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The firm has a market capitalization 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. The company has a 50-day simple moving average of $183.97 and a 200-day simple moving average of $191.66. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12.

Marsh & McLennan Companies Dividend Announcement

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

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MMC. Evercore dropped their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their target price for the company from $200.00 to $195.00 in a report on Monday, October 20th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.88.

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.