Center For Asset Management LLC Buys 73 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Center For Asset Management LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,569 shares of the financial services provider’s stock after acquiring an additional 73 shares during the period. Center For Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $1,183,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MMC. Carmichael Hill & Associates Inc. lifted its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd 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 during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the third quarter worth about $31,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $38,000. Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at approximately $41,000. Finally, Bangor Savings Bank acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $46,000. 87.99% of the stock is currently owned by institutional investors.

Insider Activity at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the 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 of the company’s stock, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MMC has been the topic of a number of research reports. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. UBS Group increased their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. 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 report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $218.94 on Monday. The business has a 50-day simple moving average of $218.00 and a 200 day simple moving average of $221.35. The firm has a market capitalization of $107.53 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.27 and a beta of 0.96. 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 one year low of $188.31 and a one year high of $235.50.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

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.