Bahl & Gaynor Inc. Sells 86,803 Shares of Marsh & McLennan Companies, Inc. $MMC

Bahl & Gaynor Inc. cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,846,515 shares of the financial services provider’s stock after selling 86,803 shares during the period. Marsh & McLennan Companies makes up 1.8% of Bahl & Gaynor Inc.’s portfolio, making the stock its 11th largest holding. Bahl & Gaynor Inc.’s holdings in Marsh & McLennan Companies were worth $372,128,000 at the end of the most recent quarter.

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

Marsh & McLennan Companies Stock Down 1.7%

Shares of NYSE MMC opened at $182.39 on Monday. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The stock’s fifty day simple moving average is $183.51 and its two-hundred day simple moving average is $189.61. The stock has a market capitalization of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. 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 Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective 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. Mizuho assumed coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price target for the company. Citigroup reduced their price objective on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Cantor Fitzgerald lowered their target price on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Finally, Barclays raised their price target on Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Seven equities 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 company currently has an average rating of “Hold” and a consensus price target 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.