Andra AP fonden Purchases 29,500 Shares of Marsh & McLennan Companies, Inc. $MMC

Andra AP fonden boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 136.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,110 shares of the financial services provider’s stock after acquiring an additional 29,500 shares during the quarter. Andra AP fonden’s holdings in Marsh & McLennan Companies were worth $10,300,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd boosted its stake in Marsh & McLennan Companies by 7.1% during the third quarter. R Squared Ltd now owns 6,034 shares of the financial services provider’s stock worth $1,216,000 after acquiring an additional 399 shares in the last quarter. Interchange Capital Partners LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at approximately $212,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Marsh & McLennan Companies by 4.7% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,002,026 shares of the financial services provider’s stock worth $201,934,000 after buying an additional 44,670 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Marsh & McLennan Companies by 0.4% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 539,325 shares of the financial services provider’s stock valued at $108,690,000 after acquiring an additional 2,291 shares in the last quarter. Finally, TD Asset Management Inc raised its position in shares of Marsh & McLennan Companies by 6.1% during the 3rd quarter. TD Asset Management Inc now owns 981,977 shares of the financial services provider’s stock valued at $197,898,000 after buying an additional 56,442 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MMC shares. Citigroup decreased their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. JPMorgan Chase & Co. lowered 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 report on Wednesday, January 7th. Evercore lowered 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 report on Wednesday, January 7th. TD Cowen cut their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $216.88.

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 shares were 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 approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

Marsh & McLennan Companies stock opened at $182.39 on Friday. The firm has a 50 day moving average of $183.51 and a 200 day moving average of $189.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The firm has a market capitalization of $89.35 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

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

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.