Running Oak Capital LLC Buys 4,484 Shares of Marsh & McLennan Companies, Inc. $MMC

Running Oak Capital LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 76,926 shares of the financial services provider’s stock after purchasing an additional 4,484 shares during the period. Running Oak Capital LLC’s holdings in Marsh & McLennan Companies were worth $15,503,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Marsh & McLennan Companies by 1.8% in the second quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after acquiring an additional 837,117 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock worth $2,762,513,000 after purchasing an additional 196,475 shares in the last quarter. Norges Bank bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $1,328,587,000. Artisan Partners Limited Partnership raised its holdings in shares of Marsh & McLennan Companies by 0.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,443,454 shares of the financial services provider’s stock valued at $752,877,000 after buying an additional 32,118 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,901,598 shares of the financial services provider’s stock worth $634,405,000 after acquiring an additional 43,462 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock opened at $182.39 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The firm has a 50-day moving average of $184.02 and a 200 day moving average of $192.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

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 paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MMC shares. JPMorgan Chase & Co. cut their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Citigroup reduced their price target on 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. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Morgan Stanley dropped their price objective on Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Finally, Barclays lifted their target price on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Eight 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $218.82.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.