180 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Albion Financial Group UT

Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, HoldingsChannel reports. The fund purchased 180 shares of the financial services provider’s stock, valued at approximately $38,000.

Several other hedge funds also recently made changes to their positions in the business. Carmichael Hill & Associates Inc. boosted its holdings in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth about $31,000. Capital Performance Advisors LLP bought a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. Bangor Savings Bank bought a new stake in Marsh & McLennan Companies during the third quarter worth about $46,000. Finally, Fortitude Family Office LLC boosted its position in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 45 shares during the last quarter. 87.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Stock Performance

Shares of NYSE MMC opened at $217.37 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $106.75 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.28 and a beta of 0.96. The stock’s fifty day moving average price is $218.31 and its two-hundred day moving average price is $221.26. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is 40.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MMC shares. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research note on Friday, January 10th. Finally, Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.