Canada Post Corp Registered Pension Plan Has $6.97 Million Stake in Marsh & McLennan Companies, Inc. $MMC

Canada Post Corp Registered Pension Plan increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 120.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,783 shares of the financial services provider’s stock after purchasing an additional 19,004 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Marsh & McLennan Companies were worth $6,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after buying an additional 2,960 shares in the last quarter. Bison Wealth LLC boosted 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. Sax Wealth Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 33.4% during the 2nd quarter. Sax Wealth Advisors LLC now owns 1,493 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 374 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of Marsh & McLennan Companies in the second quarter worth $255,000. Finally, Maryland State Retirement & Pension System boosted its holdings in Marsh & McLennan Companies by 4.0% during the second quarter. Maryland State Retirement & Pension System now owns 23,988 shares of the financial services provider’s stock worth $5,245,000 after purchasing an additional 932 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 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 in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target on the stock. Evercore dropped their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Cantor Fitzgerald decreased their price target on Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. TD Cowen dropped their price objective on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Barclays boosted 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. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $216.88.

Marsh & McLennan Companies Stock Performance

MMC opened at $182.39 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. The business has a 50 day moving average of $184.00 and a 200-day moving average of $192.10. The stock has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be issued 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 payout ratio is currently 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.