Vanguard Personalized Indexing Management LLC Has $12.01 Million Position in Marsh & McLennan Companies, Inc. $MMC

Vanguard Personalized Indexing Management LLC trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,589 shares of the financial services provider’s stock after selling 7,851 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Marsh & McLennan Companies were worth $12,011,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MMC. Brighton Jones LLC lifted its stake in Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bison Wealth LLC grew its position in Marsh & McLennan Companies by 39.6% during the 4th quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 869 shares during the last quarter. Patton Fund Management Inc. acquired a new position in Marsh & McLennan Companies in the 2nd quarter worth about $220,000. Smith Salley Wealth Management grew its holdings in Marsh & McLennan Companies by 26.0% during the 2nd quarter. Smith Salley Wealth Management now owns 3,337 shares of the financial services provider’s stock worth $730,000 after acquiring an additional 688 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in shares of Marsh & McLennan Companies by 17.9% in the second quarter. Independence Bank of Kentucky now owns 731 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

MMC has been the topic of a number of analyst reports. Mizuho began coverage on Marsh & McLennan Companies in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price target on the stock. Citigroup dropped their target price on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Bank of America reiterated an “underperform” rating and set a $181.00 price target (down previously from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price objective on the stock. Finally, Cantor Fitzgerald lowered their target price on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $218.82.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $182.39 on Tuesday. Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. 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 company has a 50-day simple moving average of $183.72 and a 200 day simple moving average of $193.68. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

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.