Kovitz Investment Group Partners LLC Buys 4,899 Shares of Marsh & McLennan Companies, Inc. $MMC

Kovitz Investment Group Partners LLC grew its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,667 shares of the financial services provider’s stock after purchasing an additional 4,899 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Marsh & McLennan Companies were worth $15,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockland Trust Co. increased its position in Marsh & McLennan Companies by 801.6% during the 3rd quarter. Rockland Trust Co. now owns 12,073 shares of the financial services provider’s stock worth $2,433,000 after buying an additional 10,734 shares during the period. Jennison Associates LLC grew its stake in shares of Marsh & McLennan Companies by 225.1% in the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock valued at $229,803,000 after acquiring an additional 727,714 shares in the last quarter. Vanguard Group Inc. increased its position in Marsh & McLennan Companies by 1.8% during the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after acquiring an additional 837,117 shares during the period. Navera Investment Management Ltd. boosted its holdings in Marsh & McLennan Companies by 7.0% in the 3rd quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock valued at $327,303,000 after purchasing an additional 105,954 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Marsh & McLennan Companies by 18.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after purchasing an additional 34,400 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $182.39 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a market cap of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The business’s 50-day moving average price is $183.80 and its two-hundred day moving average price is $190.26.

Marsh & McLennan Companies Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MMC shares. Mizuho started coverage on Marsh & McLennan Companies in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price target for the company. TD Cowen dropped their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. Royal Bank Of Canada began 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 for the company. Finally, Evercore decreased their target price on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $216.88.

Marsh & McLennan Companies 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.