Jensen Investment Management Inc. Reduces Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Jensen Investment Management Inc. lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,406,645 shares of the financial services provider’s stock after selling 16,992 shares during the quarter. Marsh & McLennan Companies comprises approximately 6.0% of Jensen Investment Management Inc.’s holdings, making the stock its 3rd biggest position. Jensen Investment Management Inc.’s holdings in Marsh & McLennan Companies were worth $485,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Marsh & McLennan Companies by 51.2% in the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC grew its position in shares of Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 869 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 14.8% in the second quarter. Concurrent Investment Advisors LLC now owns 12,793 shares of the financial services provider’s stock worth $2,797,000 after purchasing an additional 1,651 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Marsh & McLennan Companies by 10.3% in the second quarter. Verdence Capital Advisors LLC now owns 1,590 shares of the financial services provider’s stock worth $348,000 after buying an additional 149 shares in the last quarter. Finally, NorthRock Partners LLC raised its holdings in shares of Marsh & McLennan Companies by 9.3% in the 2nd quarter. NorthRock Partners LLC now owns 5,772 shares of the financial services provider’s stock valued at $1,261,000 after acquiring an additional 493 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

MMC 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’s 50-day moving average price is $183.95 and its two-hundred day moving average price is $191.47. 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, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies Announces Dividend

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 dividend of $0.90 per share. The ex-dividend date of this dividend is 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 presently 43.17%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MMC shares. Mizuho started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective on the stock. Barclays raised their price target on Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Finally, Evercore reduced their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $216.88.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

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.