Marsh & McLennan Companies, Inc. (NYSE:MMC) is Private Capital Advisors Inc.’s 8th Largest Position

Private Capital Advisors Inc. trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,807 shares of the financial services provider’s stock after selling 1,648 shares during the period. Marsh & McLennan Companies comprises 2.1% of Private Capital Advisors Inc.’s holdings, making the stock its 8th biggest holding. Private Capital Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $17,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MMC. Cornerstone Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $596,000. Brighton Jones LLC raised its holdings in shares of Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares in the last quarter. Sustainable Insight Capital Management LLC lifted its position in shares of Marsh & McLennan Companies by 66.3% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 24,190 shares of the financial services provider’s stock worth $5,138,000 after purchasing an additional 9,648 shares during the period. Red Door Wealth Management LLC increased its holdings in Marsh & McLennan Companies by 1.7% during the fourth quarter. Red Door Wealth Management LLC now owns 4,612 shares of the financial services provider’s stock valued at $980,000 after buying an additional 78 shares during the period. Finally, Capital Planning Advisors LLC raised its stake in Marsh & McLennan Companies by 9.8% in the fourth quarter. Capital Planning Advisors LLC now owns 28,378 shares of the financial services provider’s stock worth $6,028,000 after buying an additional 2,532 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $217.62 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The company’s 50 day moving average is $218.14 and its 200 day moving average is $221.23. The company has a market cap of $106.88 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced 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 of this dividend 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 is presently 40.15%.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of the company’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 owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

MMC has been the subject of several recent research reports. Barclays boosted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Jefferies Financial Group increased 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. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $228.60.

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.