ProShare Advisors LLC Trims Holdings in Marsh & McLennan Companies, Inc. $MMC

ProShare Advisors LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 107,984 shares of the financial services provider’s stock after selling 4,004 shares during the period. ProShare Advisors LLC’s holdings in Marsh & McLennan Companies were worth $21,762,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MMC. Norges Bank acquired a new stake in Marsh & McLennan Companies during the second quarter worth about $1,328,587,000. Soundwatch Capital LLC purchased a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at approximately $560,820,000. Mackenzie Financial Corp increased its holdings in shares of Marsh & McLennan Companies by 212.6% during the 2nd quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock worth $499,635,000 after buying an additional 1,554,114 shares during the last quarter. Amundi raised its position in shares of Marsh & McLennan Companies by 89.2% during the 2nd quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock valued at $615,309,000 after buying an additional 1,363,706 shares during the period. Finally, Vanguard Group Inc. grew its position in Marsh & McLennan Companies by 1.8% in 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. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.7%

Shares of MMC opened at $182.39 on Wednesday. The company’s 50-day simple moving average is $183.95 and its 200-day simple moving average is $191.47. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The stock has a market capitalization 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 Dividend Announcement

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

Analyst Ratings Changes

MMC has been the topic of a number of research analyst reports. TD Cowen reduced 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. Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective on the stock. Mizuho assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, December 16th. They set an “outperform” rating and a $212.00 target price for the company. Cantor Fitzgerald reduced their price target on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 6th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $216.88.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.