SVB Wealth LLC Reduces Stake in Marsh & McLennan Companies, Inc. $MMC

SVB Wealth LLC trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,737 shares of the financial services provider’s stock after selling 3,608 shares during the quarter. SVB Wealth LLC’s holdings in Marsh & McLennan Companies were worth $5,590,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies in the second quarter valued at approximately $29,000. Westside Investment Management Inc. raised 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 purchasing an additional 109 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 2nd quarter valued at approximately $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Transactions at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $182.39 on Tuesday. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The firm’s 50 day moving average is $183.97 and its two-hundred day moving average is $191.66. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00. 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 Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on MMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Evercore lowered their price target 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. Barclays upped their price objective on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Finally, Citigroup lowered their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.