Bartlett & CO. Wealth Management LLC Acquires 1,052 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.2% during the fourth quarter, HoldingsChannel reports. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Carmichael Hill & Associates Inc. grew its holdings in shares of 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 buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth $41,000. Finally, Bangor Savings Bank bought a new position in Marsh & McLennan Companies in the third quarter valued at $46,000. Institutional investors own 87.99% of the company’s stock.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $217.62 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The company has a market cap of $106.88 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.28 and a beta of 0.96. The stock has a fifty day moving average price of $218.14 and a 200-day moving average price of $221.23.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued 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 dividend yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MMC shares. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. BMO Capital Markets boosted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research note on Friday, January 10th. Finally, Roth Mkm lifted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $228.60.

About Marsh & McLennan Companies

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.