JPMorgan Chase & Co. Buys 441,029 Shares of Marsh & McLennan Companies, Inc. $MMC

JPMorgan Chase & Co. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,872,982 shares of the financial services provider’s stock after purchasing an additional 441,029 shares during the quarter. JPMorgan Chase & Co. owned about 0.99% of Marsh & McLennan Companies worth $982,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Marsh & McLennan Companies by 51.2% during the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock worth $1,856,000 after purchasing an additional 2,960 shares during the last quarter. Bison Wealth LLC boosted its position in Marsh & McLennan Companies by 39.6% during the fourth quarter. Bison Wealth LLC now owns 3,064 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 869 shares during the period. Harbour Investments Inc. raised its position in shares of Marsh & McLennan Companies by 45.7% in the second quarter. Harbour Investments Inc. now owns 1,825 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 572 shares during the period. Koshinski Asset Management Inc. boosted its holdings in shares of Marsh & McLennan Companies by 16.8% during the 2nd quarter. Koshinski Asset Management Inc. now owns 1,971 shares of the financial services provider’s stock worth $431,000 after buying an additional 284 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Marsh & McLennan Companies by 4.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,783 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 79 shares during the period. 87.99% of the stock is owned by institutional investors.

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 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 in the company, valued at $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Down 1.7%

NYSE MMC opened at $182.39 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. The business has a fifty day moving average price of $183.96 and a two-hundred day moving average price of $190.80. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, January 29th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Thursday, January 29th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent research reports. Barclays increased 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. Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target on the stock. Cantor Fitzgerald cut their price objective 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, January 6th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.