14,140 Shares in Marsh & McLennan Companies, Inc. $MMC Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,140 shares of the financial services provider’s stock, valued at approximately $2,850,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in shares of Marsh & McLennan Companies by 107.1% during the third quarter. Hantz Financial Services Inc. now owns 28,394 shares of the financial services provider’s stock valued at $5,722,000 after acquiring an additional 14,684 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Marsh & McLennan Companies by 2.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,296,472 shares of the financial services provider’s stock valued at $261,278,000 after acquiring an additional 26,148 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Marsh & McLennan Companies by 28.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,181 shares of the financial services provider’s stock valued at $2,052,000 after purchasing an additional 2,225 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Marsh & McLennan Companies by 78.4% in the third quarter. Westside Investment Management Inc. now owns 248 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 109 shares during the last quarter. Finally, Callan Family Office LLC lifted its holdings in shares of Marsh & McLennan Companies by 1.4% during the third quarter. Callan Family Office LLC now owns 63,029 shares of the financial services provider’s stock valued at $12,702,000 after purchasing an additional 842 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated 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 trade 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 through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MMC. JPMorgan Chase & Co. reduced their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Citigroup reduced their price target on shares of 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. Morgan Stanley decreased their price objective on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Barclays raised their target price on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Bank of America reiterated an “underperform” rating and set a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $218.82.

Marsh & McLennan Companies Stock Down 1.7%

Shares of MMC stock opened at $182.39 on Wednesday. The company has a 50 day simple moving average of $184.03 and a two-hundred day simple moving average of $192.43. The stock has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month 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.

Marsh & McLennan Companies Dividend Announcement

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

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.