JPMorgan Chase & Co. Buys 441,029 Shares of Marsh & McLennan Companies, Inc. $MMC

JPMorgan Chase & Co. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,872,982 shares of the financial services provider’s stock after acquiring an additional 441,029 shares during the quarter. JPMorgan Chase & Co.’s holdings in Marsh & McLennan Companies were worth $982,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $25,000. Headlands Technologies LLC acquired a new position in shares of Marsh & McLennan Companies during the second quarter valued at about $29,000. Westside Investment Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the last quarter. Delos Wealth Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $32,000. Finally, TruNorth Capital Management LLC purchased a new stake in Marsh & McLennan Companies in the third quarter worth $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $182.39 on Wednesday. The firm has a market capitalization of $89.35 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average of $183.96 and a 200 day moving average of $190.80. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analyst Weigh In

MMC has been the subject of several research reports. Citigroup cut their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Bank of America reiterated an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Royal Bank Of Canada assumed coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target for the company. Finally, Mizuho assumed coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $216.88.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Company 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.