Oppenheimer Asset Management Inc. Increases Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Oppenheimer Asset Management Inc. increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,337 shares of the financial services provider’s stock after acquiring an additional 10,248 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Marsh & McLennan Companies were worth $18,004,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AdvisorShares Investments LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $472,000. Fullcircle Wealth LLC increased its stake in Marsh & McLennan Companies by 3.4% during the 3rd quarter. Fullcircle Wealth LLC now owns 5,557 shares of the financial services provider’s stock worth $1,120,000 after buying an additional 182 shares in the last quarter. Kinsale Capital Group Inc. raised its holdings in shares of Marsh & McLennan Companies by 10.0% during the third quarter. Kinsale Capital Group Inc. now owns 43,735 shares of the financial services provider’s stock valued at $8,814,000 after acquiring an additional 3,984 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its position in shares of Marsh & McLennan Companies by 1.0% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 6,711 shares of the financial services provider’s stock valued at $1,352,000 after acquiring an additional 66 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Marsh & McLennan Companies by 34.0% in the third quarter. Smartleaf Asset Management LLC now owns 8,560 shares of the financial services provider’s stock worth $1,714,000 after acquiring an additional 2,174 shares during the last quarter. Institutional investors and hedge funds 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 52-week low of $174.18 and a 52-week high of $248.00. The business has a fifty day moving average of $183.97 and a two-hundred day moving average of $191.66. The stock has a market cap of $89.35 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 43.17%.

Insider Activity

In other news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MMC shares. Citigroup decreased their price objective on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. JPMorgan Chase & Co. lowered 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 report on Wednesday, January 7th. Evercore cut their price objective on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, January 7th. Bank of America restated an “underperform” rating and set a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Finally, The Goldman Sachs Group raised Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and cut their price target for the company from $200.00 to $195.00 in a report on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $216.88.

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.