Sachetta LLC Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sachetta LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 137.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 477 shares of the financial services provider’s stock after acquiring an additional 276 shares during the quarter. Sachetta LLC’s holdings in Marsh & McLennan Companies were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Exchange Traded Concepts LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 15,086 shares of the financial services provider’s stock worth $3,204,000 after purchasing an additional 370 shares during the period. CX Institutional increased its holdings in Marsh & McLennan Companies by 12.9% during the 4th quarter. CX Institutional now owns 33,204 shares of the financial services provider’s stock valued at $7,053,000 after acquiring an additional 3,805 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $596,000. Brighton Jones LLC grew its stake in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 2,960 shares during the period. Finally, Sustainable Insight Capital Management LLC lifted its holdings in shares of Marsh & McLennan Companies by 66.3% during the 4th quarter. Sustainable Insight Capital Management LLC now owns 24,190 shares of the financial services provider’s stock worth $5,138,000 after acquiring an additional 9,648 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of Marsh & McLennan Companies stock opened at $218.94 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $218.07 and a 200 day moving average price of $221.21. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The firm has a market cap of $107.53 billion, a P/E ratio of 26.96, a P/E/G ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MMC shares. Evercore ISI restated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. BMO Capital Markets lifted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Jefferies Financial Group increased their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $228.60.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.