ProShare Advisors LLC Trims Stock Position in Marsh & McLennan Companies, Inc. $MMC

ProShare Advisors LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,984 shares of the financial services provider’s stock after selling 4,004 shares during the quarter. ProShare Advisors LLC’s holdings in Marsh & McLennan Companies were worth $21,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC raised its position in Marsh & McLennan Companies by 51.2% during the fourth quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after acquiring an additional 2,960 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Marsh & McLennan Companies by 39.6% during the 4th 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. Concurrent Investment Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 14.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,793 shares of the financial services provider’s stock valued at $2,797,000 after purchasing an additional 1,651 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Marsh & McLennan Companies by 10.3% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,590 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 149 shares during the period. Finally, NorthRock Partners LLC grew its position in Marsh & McLennan Companies by 9.3% during the second quarter. NorthRock Partners LLC now owns 5,772 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 493 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $182.39 on Wednesday. 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’s 50 day simple moving average is $183.95 and its 200-day simple moving average is $191.47. The company 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. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh & McLennan Companies Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. Wells Fargo & Company lowered their price target on 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. Mizuho began coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 price objective on the stock. Barclays upped 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. Finally, Cantor Fitzgerald dropped their price target on shares of Marsh & McLennan Companies from $226.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Seven equities 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $216.88.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is owned by company insiders.

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.