Lansforsakringar Fondforvaltning AB publ Acquires 3,829 Shares of Marsh & McLennan Companies, Inc. $MMC

Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,370 shares of the financial services provider’s stock after purchasing an additional 3,829 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Marsh & McLennan Companies were worth $31,715,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Norges Bank acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $1,328,587,000. Soundwatch Capital LLC acquired a new stake in shares of Marsh & McLennan Companies in the 2nd quarter valued at about $560,820,000. Mackenzie Financial Corp lifted its holdings in shares of Marsh & McLennan Companies by 212.6% in the second quarter. Mackenzie Financial Corp now owns 2,285,194 shares of the financial services provider’s stock valued at $499,635,000 after purchasing an additional 1,554,114 shares in the last quarter. Amundi grew its holdings in shares of Marsh & McLennan Companies by 89.2% during the second quarter. Amundi now owns 2,892,576 shares of the financial services provider’s stock worth $615,309,000 after buying an additional 1,363,706 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Marsh & McLennan Companies by 1.8% in 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 acquiring an additional 837,117 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

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 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. The business’s fifty day simple moving average is $183.90 and its 200 day simple moving average is $190.50. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12.

Marsh & McLennan Companies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America reiterated 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. Wells Fargo & Company cut their price target on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods increased their price objective on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Evercore lowered their price target on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 7th. Finally, Citigroup dropped their price objective 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. 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, the company currently has a consensus rating of “Hold” and an average target price of $216.88.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of Marsh & McLennan Companies 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 sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by insiders.

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.