Strs Ohio Acquires 4,905 Shares of Marsh & McLennan Companies, Inc. $MMC

Strs Ohio boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,345 shares of the financial services provider’s stock after acquiring an additional 4,905 shares during the quarter. Strs Ohio’s holdings in Marsh & McLennan Companies were worth $34,733,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $25,000. Headlands Technologies LLC purchased a new stake in Marsh & McLennan Companies in the 2nd quarter valued at about $29,000. Westside Investment Management Inc. lifted its position in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after buying an additional 109 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $32,000. Finally, TruNorth Capital Management LLC purchased a new position in Marsh & McLennan Companies in the third quarter worth $32,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays lifted their target price on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. TD Cowen reduced their target price on shares of Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. 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. Bank of America restated an “underperform” rating and issued a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Finally, Morgan Stanley decreased their price objective on 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. Eight investment 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.com, the stock presently has an average rating of “Hold” and an average target price of $218.82.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $182.39 on Friday. The stock has a fifty day moving average of $183.69 and a 200-day moving average of $194.18. The stock has a market cap of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate 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.