Marsh & McLennan Companies, Inc. $MMC Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 28.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,015 shares of the financial services provider’s stock after purchasing an additional 28,589 shares during the period. Public Sector Pension Investment Board’s holdings in Marsh & McLennan Companies were worth $26,202,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Atria Investments Inc lifted its position in shares of Marsh & McLennan Companies by 2.5% during the 3rd quarter. Atria Investments Inc now owns 80,004 shares of the financial services provider’s stock valued at $16,123,000 after acquiring an additional 1,931 shares during the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of Marsh & McLennan Companies by 21.9% during the third quarter. Varma Mutual Pension Insurance Co now owns 110,604 shares of the financial services provider’s stock worth $22,290,000 after purchasing an additional 19,900 shares during the period. Cibc World Market Inc. lifted its holdings in shares of Marsh & McLennan Companies by 94.1% during the third quarter. Cibc World Market Inc. now owns 14,215 shares of the financial services provider’s stock valued at $2,865,000 after purchasing an additional 6,891 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $3,157,000. Finally, Madison Asset Management LLC lifted its stake in Marsh & McLennan Companies by 2.4% during the third quarter. Madison Asset Management LLC now owns 319,737 shares of the financial services provider’s stock valued at $64,436,000 after buying an additional 7,358 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MMC shares. 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. Evercore decreased their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Bank of America reissued an “underperform” rating and set a $181.00 price target (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Citigroup decreased their price objective on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Finally, The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and dropped their target price for the company from $200.00 to $195.00 in a report on Monday, October 20th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $216.88.

Marsh & McLennan Companies Stock Down 1.7%

Shares of Marsh & McLennan Companies stock opened at $182.39 on Friday. The firm has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The stock has a 50-day simple moving average of $183.92 and a 200-day simple moving average of $191.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, January 29th were issued a $0.90 dividend. The ex-dividend date was Thursday, January 29th. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is currently 43.17%.

Insider Buying and Selling

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Company Profile

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.