SVB Wealth LLC Decreases Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

SVB Wealth LLC lowered its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 27,737 shares of the financial services provider’s stock after selling 3,608 shares during the quarter. SVB Wealth LLC’s holdings in Marsh & McLennan Companies were worth $5,590,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in shares of Marsh & McLennan Companies by 11.7% during the second quarter. Pittenger & Anderson Inc. now owns 479 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 50 shares in the last quarter. Hanson & Doremus Investment Management lifted its position in Marsh & McLennan Companies by 31.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 51 shares in the last quarter. Cornerstone Advisory LLC boosted its holdings in Marsh & McLennan Companies by 2.6% in the 2nd quarter. Cornerstone Advisory LLC now owns 2,062 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 53 shares during the period. D.A. Davidson & CO. grew its position in Marsh & McLennan Companies by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock valued at $910,000 after acquiring an additional 54 shares in the last quarter. Finally, Coign Capital Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 2.0% during the second quarter. Coign Capital Advisors LLC now owns 2,769 shares of the financial services provider’s stock valued at $605,000 after purchasing an additional 55 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target for the company. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. cut their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Finally, TD Cowen cut their target price on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $216.88.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the transaction, the chief executive officer directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $182.39 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The stock has a 50 day moving average of $183.97 and a 200-day moving average of $191.66.

Marsh & McLennan Companies Announces Dividend

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

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.