Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Lessened by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating) by 7.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 424,871 shares of the financial services provider’s stock after selling 33,901 shares during the period. Marsh & McLennan Companies accounts for 1.6% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 29th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Marsh & McLennan Companies were worth $61,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Canton Hathaway LLC acquired a new position in shares of Marsh & McLennan Companies in the second quarter worth about $25,000. Larson Financial Group LLC boosted its position in Marsh & McLennan Companies by 135.7% during the third quarter. Larson Financial Group LLC now owns 165 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. FinTrust Capital Advisors LLC increased its position in Marsh & McLennan Companies by 206.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 190 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 128 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Marsh & McLennan Companies in the second quarter worth approximately $30,000. Finally, SRS Capital Advisors Inc. bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at $31,000. 87.30% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $2.49 during midday trading on Wednesday, hitting $171.00. The company’s stock had a trading volume of 174,383 shares, compared to its average volume of 1,395,180. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.04 and a quick ratio of 1.04. Marsh & McLennan Companies, Inc. has a 1-year low of $142.80 and a 1-year high of $183.14. The company has a 50-day moving average price of $169.60 and a two-hundred day moving average price of $163.30. The company has a market cap of $84.82 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.76 and a beta of 0.90.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Thursday, January 26th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, January 25th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 35.44%.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 3,000 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $170.57, for a total transaction of $511,710.00. Following the transaction, the director now owns 87,097 shares in the company, valued at approximately $14,856,135.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dean Michael Klisura sold 8,694 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $172.34, for a total value of $1,498,323.96. Following the sale, the chief executive officer now owns 20,595 shares in the company, valued at approximately $3,549,342.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Oscar Fanjul sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $170.57, for a total value of $511,710.00. Following the sale, the director now directly owns 87,097 shares of the company’s stock, valued at $14,856,135.29. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MMC has been the subject of several research reports. Citigroup initiated coverage on shares of Marsh & McLennan Companies in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $185.00 target price for the company. Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $183.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. BMO Capital Markets began coverage on shares of Marsh & McLennan Companies in a research note on Thursday, January 19th. They set a “market perform” rating and a $168.00 price target on the stock. Morgan Stanley increased their target price on Marsh & McLennan Companies from $145.00 to $150.00 and gave the stock an “underweight” rating in a report on Tuesday, November 22nd. Finally, Atlantic Securities cut Marsh & McLennan Companies from an “overweight” rating to a “neutral” rating and set a $185.00 price objective for the company. in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $177.69.

About Marsh & McLennan Companies

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Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.

See Also

Want to see what other hedge funds are holding MMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMCGet Rating).

Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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