Marsh & McLennan Companies, Inc. $MMC Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 500,813 shares of the financial services provider’s stock after selling 6,097 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Marsh & McLennan Companies were worth $100,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pinnacle Bancorp Inc. purchased a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Westside Investment Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 109 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the second quarter valued at $32,000. Finally, TruNorth Capital Management LLC purchased a new position in Marsh & McLennan Companies in the third quarter valued at about $32,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Mizuho initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price target for the company. Barclays upped their target price on Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective on the stock. Finally, Cantor Fitzgerald reduced their price target on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $218.82.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $182.39 on Wednesday. The stock has a market capitalization of $89.35 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The firm has a fifty day simple moving average of $183.73 and a 200-day simple moving average of $194.56. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, January 29th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.