Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Sachetta LLC

Sachetta LLC grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 137.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 477 shares of the financial services provider’s stock after purchasing an additional 276 shares during the period. Sachetta LLC’s holdings in Marsh & McLennan Companies were worth $101,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. grew its position 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 worth $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth $31,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $38,000. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $41,000. Finally, Bangor Savings Bank purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.7 %

Marsh & McLennan Companies stock opened at $218.94 on Friday. The company’s fifty day moving average price is $218.07 and its two-hundred day moving average price is $221.21. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company 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.

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 issued 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 1.49%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MMC. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Barclays increased their price objective on 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $228.60.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Company 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.