Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 219 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,004 shares of the financial services provider’s stock after purchasing an additional 219 shares during the period. Marsh & McLennan Companies comprises 1.6% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s investment portfolio, making the stock its 15th biggest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Marsh & McLennan Companies were worth $4,037,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MMC. Fortitude Family Office LLC grew its holdings in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 45 shares during the period. Geneos Wealth Management Inc. raised its stake in Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 47 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Marsh & McLennan Companies by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 52 shares during the period. BSW Wealth Partners raised its position in shares of Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 53 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after buying an additional 54 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock opened at $223.76 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $189.90 and a 1 year high of $235.50. The company has a market cap of $109.89 billion, a P/E ratio of 27.56, a PEG ratio of 2.27 and a beta of 0.96. The firm has a 50-day moving average of $218.00 and a 200 day moving average of $221.35.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MMC. Jefferies Financial Group lifted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. BMO Capital Markets increased their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Company Profile

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.