Marsh & McLennan Companies, Inc. $MMC Position Raised by TD Asset Management Inc

TD Asset Management Inc raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 981,977 shares of the financial services provider’s stock after purchasing an additional 56,442 shares during the quarter. TD Asset Management Inc owned about 0.20% of Marsh & McLennan Companies worth $197,898,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MMC. Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies during the third quarter worth about $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at about $29,000. Westside Investment Management Inc. grew its stake 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 purchasing an additional 109 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in Marsh & McLennan Companies during the second quarter valued at approximately $32,000. Finally, TruNorth Capital Management LLC bought a new stake in Marsh & McLennan Companies during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

Shares of NYSE MMC opened at $182.39 on Thursday. The firm has a market capitalization of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a one year low of $174.18 and a one year high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average price of $183.62 and a two-hundred day moving average price of $190.06.

Marsh & McLennan Companies Announces Dividend

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

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 completion of the sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This trade represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MMC has been the subject of a number of recent research reports. Bank of America reiterated an “underperform” rating and set a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Royal Bank Of Canada began coverage on Marsh & McLennan Companies in a report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 target price for the company. Citigroup dropped their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Finally, Barclays boosted their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $216.88.

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.