Simon Quick Advisors LLC Increases Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Simon Quick Advisors LLC boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,238 shares of the financial services provider’s stock after purchasing an additional 175 shares during the period. Simon Quick Advisors LLC’s holdings in Marsh & McLennan Companies were worth $475,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Carmichael Hill & Associates Inc. lifted its stake in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth about $41,000. Bangor Savings Bank bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $46,000. Finally, Fortitude Family Office LLC boosted its position in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MMC. BMO Capital Markets upped their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Jefferies Financial Group increased their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. Finally, Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Trading Down 0.4 %

Shares of MMC opened at $217.37 on Thursday. 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 firm has a 50 day moving average price of $218.31 and a 200-day moving average price of $221.26. The firm has a market cap of $106.75 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.25 and a beta of 0.96.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed 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 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%.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s 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 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. 0.35% of the stock is currently owned by corporate insiders.

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.