Private Capital Advisors Inc. Sells 1,648 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Private Capital Advisors Inc. reduced its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,807 shares of the financial services provider’s stock after selling 1,648 shares during the quarter. Marsh & McLennan Companies accounts for approximately 2.1% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 8th biggest holding. Private Capital Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $17,589,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $3,710,000. Czech National Bank raised its holdings in shares of Marsh & McLennan Companies by 6.7% during the third quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after acquiring an additional 6,282 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the last quarter. Citigroup Inc. increased its position in shares of Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Finally, Kinsale Capital Group Inc. lifted its holdings in Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MMC has been the subject of a number of research reports. BMO Capital Markets upped 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. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. 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 stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Barclays upped their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $217.62 on Friday. The stock has a market capitalization of $106.88 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.27 and a beta of 0.96. The firm’s fifty day simple moving average is $218.14 and its 200-day simple moving average is $221.23. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. 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 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. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.

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.