Mitchell & Pahl Private Wealth LLC Sells 131 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mitchell & Pahl Private Wealth LLC decreased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,399 shares of the financial services provider’s stock after selling 131 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Marsh & McLennan Companies were worth $297,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MMC. Fortitude Family Office LLC grew its position in shares of Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after buying an additional 45 shares during the period. Kingfisher Capital LLC grew its position in shares of Marsh & McLennan Companies by 4.7% during the 2nd quarter. Kingfisher Capital LLC now owns 1,042 shares of the financial services provider’s stock worth $220,000 after buying an additional 47 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Marsh & McLennan Companies by 2.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after buying an additional 52 shares during the period. BSW Wealth Partners grew its position in shares of Marsh & McLennan Companies by 5.1% during the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after buying an additional 53 shares during the period. Finally, CENTRAL TRUST Co grew its position in shares of Marsh & McLennan Companies by 3.5% during the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after buying an additional 54 shares during the period. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

MMC has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. UBS Group lifted their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. 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. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Trading Up 1.4 %

NYSE MMC opened at $218.21 on Wednesday. The stock has a market capitalization of $107.17 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.38 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. 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 business’s fifty day moving average is $218.45 and its 200-day moving average is $221.23.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Marsh & McLennan Companies Company 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.