Bartlett & CO. Wealth Management LLC Has $2.21 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,420 shares of the financial services provider’s stock after acquiring an additional 1,052 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $2,213,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC increased its position in Marsh & McLennan Companies by 20.5% during the fourth quarter. Baker Ellis Asset Management LLC now owns 2,348 shares of the financial services provider’s stock worth $499,000 after buying an additional 400 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of Marsh & McLennan Companies by 31.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 1,807 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 433 shares during the last quarter. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the 4th quarter worth approximately $38,000. Advisory Alpha LLC boosted its position in Marsh & McLennan Companies by 6.0% during the fourth quarter. Advisory Alpha LLC now owns 1,043 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 59 shares during the period. Finally, Genesis Private Wealth LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $259,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 0.1 %

Shares of Marsh & McLennan Companies stock opened at $217.62 on Friday. The stock has a market capitalization of $106.88 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $188.31 and a 12-month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a 50-day simple moving average of $218.14 and a 200 day simple moving average of $221.23.

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. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Analyst Ratings Changes

MMC has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their target price on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $228.60.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

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.