American Century Companies Inc. Has $254.02 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

American Century Companies Inc. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,260,479 shares of the financial services provider’s stock after buying an additional 155,526 shares during the quarter. American Century Companies Inc.’s holdings in Marsh & McLennan Companies were worth $254,024,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Marsh & McLennan Companies by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after acquiring an additional 837,117 shares during the period. Geode Capital Management LLC grew its holdings in Marsh & McLennan Companies by 1.6% during the second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after purchasing an additional 196,475 shares during the period. Norges Bank acquired a new position in Marsh & McLennan Companies during the second quarter worth approximately $1,328,587,000. JPMorgan Chase & Co. raised its stake in Marsh & McLennan Companies by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 4,872,982 shares of the financial services provider’s stock valued at $982,071,000 after buying an additional 441,029 shares during the period. Finally, Artisan Partners Limited Partnership lifted its position in shares of Marsh & McLennan Companies by 0.9% in the second quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock valued at $752,877,000 after buying an additional 32,118 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

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’s 50-day moving average is $183.51 and its two-hundred day moving average is $189.75. The firm has a market cap 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, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Barclays upped their price objective on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Cantor Fitzgerald cut their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target on the stock. Seven equities research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $216.88.

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.