Stonegate Investment Group LLC Has $5.35 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Stonegate Investment Group LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,200 shares of the financial services provider’s stock after selling 2,344 shares during the quarter. Stonegate Investment Group LLC’s holdings in Marsh & McLennan Companies were worth $5,353,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Carmichael Hill & Associates Inc. boosted its stake in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at $38,000. Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $41,000. Finally, Bangor Savings Bank acquired a new position in Marsh & McLennan Companies in the third quarter worth $46,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MMC. Wells Fargo & Company reduced their price objective 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. BMO Capital Markets boosted their price objective on 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. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Bank of America boosted their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Trading Up 2.2 %

NYSE MMC opened at $223.76 on Tuesday. The stock has a 50-day simple moving average of $218.00 and a 200 day simple moving average of $221.35. The company has a market capitalization of $109.89 billion, a PE ratio of 27.56, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 12 month low of $189.90 and a 12 month high of $235.50.

Marsh & McLennan Companies Announces Dividend

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

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.