1,218 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Genesis Private Wealth LLC

Genesis Private Wealth LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,218 shares of the financial services provider’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 10.5% during the second quarter. AE Wealth Management LLC now owns 2,868 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 272 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Marsh & McLennan Companies by 4.9% during the 2nd quarter. ProShare Advisors LLC now owns 100,846 shares of the financial services provider’s stock worth $21,250,000 after purchasing an additional 4,735 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Marsh & McLennan Companies by 11,675.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,415 shares of the financial services provider’s stock valued at $720,000 after buying an additional 3,386 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Marsh & McLennan Companies by 18.1% during the second quarter. Evergreen Capital Management LLC now owns 1,791 shares of the financial services provider’s stock valued at $377,000 after buying an additional 274 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Marsh & McLennan Companies in the second quarter valued at approximately $20,882,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies 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 approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Price Performance

MMC stock opened at $218.21 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average price is $218.45 and its two-hundred day moving average price is $221.23. The stock has a market capitalization of $107.17 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.25 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.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MMC. 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 on the stock in a research note on Thursday, October 10th. Barclays lifted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Roth Mkm upped their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.