White Pine Investment CO Sells 65 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

White Pine Investment CO trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,741 shares of the financial services provider’s stock after selling 65 shares during the quarter. White Pine Investment CO’s holdings in Marsh & McLennan Companies were worth $795,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MMC. AE Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 10.5% in the 2nd quarter. AE Wealth Management LLC now owns 2,868 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 272 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Marsh & McLennan Companies by 4.9% in the second quarter. ProShare Advisors LLC now owns 100,846 shares of the financial services provider’s stock worth $21,250,000 after acquiring an additional 4,735 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Marsh & McLennan Companies by 11,675.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,415 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 3,386 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Marsh & McLennan Companies by 18.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,791 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 274 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Marsh & McLennan Companies during the second quarter valued at $20,882,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. UBS Group lifted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Roth Mkm lifted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Price Performance

MMC stock opened at $218.21 on Wednesday. Marsh & McLennan Companies, Inc. has a 1 year low of $188.31 and a 1 year high of $235.50. The firm has a market capitalization of $107.17 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $218.45 and a 200-day simple moving average of $221.23.

Marsh & McLennan Companies Dividend Announcement

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

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is currently owned by insiders.

Marsh & McLennan Companies 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.