BI Asset Management Fondsmaeglerselskab A S Has $5.28 Million Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

BI Asset Management Fondsmaeglerselskab A S decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 39.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,187 shares of the financial services provider’s stock after selling 17,014 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Marsh & McLennan Companies were worth $5,277,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MMC. Vanguard Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after purchasing 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 second quarter. Geode Capital Management LLC now owns 12,684,210 shares of the financial services provider’s stock valued at $2,762,513,000 after buying an additional 196,475 shares during the period. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $1,328,587,000. Artisan Partners Limited Partnership grew its stake 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 worth $752,877,000 after acquiring an additional 32,118 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Marsh & McLennan Companies by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,901,598 shares of the financial services provider’s stock valued at $634,405,000 after purchasing an additional 43,462 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Citigroup decreased their price target on 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. Bank of America reaffirmed an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Keefe, Bruyette & Woods lifted their target price on 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, JPMorgan Chase & Co. decreased their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $216.88.

Insider Buying and Selling at Marsh & McLennan Companies

In related 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 sale, the chief executive officer directly 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 SEC, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $182.39 on Friday. Marsh & McLennan Companies, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The firm has a market capitalization 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 current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The firm’s 50 day simple moving average is $184.00 and its 200 day simple moving average is $192.10.

Marsh & McLennan Companies Announces Dividend

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

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.