Kovitz Investment Group Partners LLC Purchases 4,899 Shares of Marsh & McLennan Companies, Inc. $MMC

Kovitz Investment Group Partners LLC increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,667 shares of the financial services provider’s stock after buying an additional 4,899 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Marsh & McLennan Companies were worth $15,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Dover Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 163.8% during the third quarter. Dover Advisors LLC now owns 8,183 shares of the financial services provider’s stock valued at $1,649,000 after acquiring an additional 5,081 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Marsh & McLennan Companies by 2.1% in the third quarter. Bleakley Financial Group LLC now owns 35,028 shares of the financial services provider’s stock valued at $7,059,000 after purchasing an additional 737 shares during the period. Lansforsakringar Fondforvaltning AB publ raised its position in Marsh & McLennan Companies by 2.5% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 157,370 shares of the financial services provider’s stock worth $31,715,000 after purchasing an additional 3,829 shares during the last quarter. Journey Advisory Group LLC grew its position in shares of Marsh & McLennan Companies by 5.9% in the 3rd quarter. Journey Advisory Group LLC now owns 1,800 shares of the financial services provider’s stock valued at $363,000 after buying an additional 100 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its stake in shares of Marsh & McLennan Companies by 8.8% in the third quarter. Advyzon Investment Management LLC now owns 2,710 shares of the financial services provider’s stock valued at $546,000 after buying an additional 220 shares during the period. 87.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.7%

Shares of NYSE MMC opened at $182.39 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm has a market cap of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company’s fifty day simple moving average is $183.80 and its 200 day simple moving average is $190.26. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, January 29th were paid a $0.90 dividend. The ex-dividend date was Thursday, January 29th. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Analysts Set New Price Targets

A number of equities analysts recently commented on MMC shares. Wells Fargo & Company cut their price objective on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Evercore reduced their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. TD Cowen lowered their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Citigroup cut their price target on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Finally, Cantor Fitzgerald lowered their price objective on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $216.88.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.