Marsh & McLennan Companies, Inc. $MMC is Waverton Investment Management Ltd’s 9th Largest Position

Waverton Investment Management Ltd raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560,628 shares of the financial services provider’s stock after acquiring an additional 268,488 shares during the period. Marsh & McLennan Companies makes up approximately 4.0% of Waverton Investment Management Ltd’s holdings, making the stock its 9th biggest holding. Waverton Investment Management Ltd owned approximately 0.32% of Marsh & McLennan Companies worth $314,552,000 at the end of the most recent quarter.

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

Marsh & McLennan Companies Trading Down 1.7%

Shares of MMC opened at $182.39 on Monday. The firm has a market capitalization 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 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, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00. The company has a 50-day moving average of $183.51 and a 200 day moving average of $189.61.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MMC shares. JPMorgan Chase & Co. cut their target price on 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. Keefe, Bruyette & Woods boosted their price objective on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Cantor Fitzgerald lowered their target price on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Mizuho initiated coverage on shares of Marsh & McLennan Companies in a report on Tuesday, December 16th. They set an “outperform” rating and a $212.00 price target on the stock. Finally, Bank of America reissued an “underperform” rating and issued a $181.00 price objective (down from $243.00) on shares of Marsh & McLennan Companies in a research report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $216.88.

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.