MassMutual Private Wealth & Trust FSB Boosts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

MassMutual Private Wealth & Trust FSB increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,802 shares of the financial services provider’s stock after purchasing an additional 1,070 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Marsh & McLennan Companies were worth $808,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MMC. Stokes Capital Advisors LLC raised its position in shares of Marsh & McLennan Companies by 1.9% during the 4th quarter. Stokes Capital Advisors LLC now owns 37,966 shares of the financial services provider’s stock valued at $8,064,000 after buying an additional 699 shares during the period. UMB Bank n.a. raised its position in Marsh & McLennan Companies by 26.7% in the fourth quarter. UMB Bank n.a. now owns 1,865 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 393 shares during the period. Access Financial Services Inc. purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth $1,223,000. Trueblood Wealth Management LLC acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $224,000. Finally, Mechanics Bank Trust Department lifted its position in Marsh & McLennan Companies by 1.5% in the fourth quarter. Mechanics Bank Trust Department now owns 17,707 shares of the financial services provider’s stock valued at $3,761,000 after buying an additional 264 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MMC. BMO Capital Markets boosted 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 note on Tuesday, October 22nd. Jefferies Financial Group raised their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company decreased their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $218.21 on Wednesday. The firm has a market capitalization of $107.17 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.38 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’s fifty day moving average price is $218.45 and its 200 day moving average price is $221.23. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced 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 is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were 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 owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate 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.