Donaldson Capital Management LLC Sells 243,054 Shares of Marsh & McLennan Companies, Inc. $MMC

Donaldson Capital Management LLC cut its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 95.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,294 shares of the financial services provider’s stock after selling 243,054 shares during the period. Donaldson Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $2,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares during the last quarter. Bison Wealth LLC boosted its position in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the period. Pure Financial Advisors LLC raised its position in shares of Marsh & McLennan Companies by 46.5% in the second quarter. Pure Financial Advisors LLC now owns 2,963 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 941 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in shares of Marsh & McLennan Companies in the second quarter worth $283,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Marsh & McLennan Companies by 9.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,554 shares of the financial services provider’s stock worth $14,114,000 after buying an additional 5,463 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Insiders Place Their Bets

In other Marsh & McLennan Companies 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 value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Marsh & McLennan Companies Stock Performance

The firm has a market cap 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 company’s fifty day simple moving average is $183.96 and its 200-day simple moving average is $192.98. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00.

Marsh & McLennan Companies Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on MMC. Citigroup cut their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Barclays upped their price target on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Cantor Fitzgerald lowered their price objective on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. UBS Group cut their target price on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $200.00 to $195.00 in a report on Monday, October 20th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $218.82.

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.