Xponance Inc. Sells 4,279 Shares of Marsh & McLennan Companies, Inc. $MMC

Xponance Inc. trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,998 shares of the financial services provider’s stock after selling 4,279 shares during the quarter. Xponance Inc.’s holdings in Marsh & McLennan Companies were worth $16,122,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management increased its position in Marsh & McLennan Companies by 31.3% during the third quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 51 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Marsh & McLennan Companies by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,514 shares of the financial services provider’s stock worth $910,000 after purchasing an additional 54 shares during the period. OneAscent Wealth Management LLC raised its position in shares of Marsh & McLennan Companies by 6.1% in the second quarter. OneAscent Wealth Management LLC now owns 1,046 shares of the financial services provider’s stock valued at $229,000 after buying an additional 60 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in shares of Marsh & McLennan Companies by 6.7% in the second quarter. Bank of Nova Scotia Trust Co. now owns 949 shares of the financial services provider’s stock valued at $207,000 after buying an additional 60 shares during the period. Finally, Ashton Thomas Securities LLC increased its stake in Marsh & McLennan Companies by 1.8% during the 3rd quarter. Ashton Thomas Securities LLC now owns 3,663 shares of the financial services provider’s stock worth $736,000 after acquiring an additional 63 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $182.39 on Friday. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average price of $183.51 and a two-hundred day moving average price of $189.86. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00.

Marsh & McLennan Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen dropped their price target on Marsh & McLennan Companies from $213.00 to $200.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. cut their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Wells Fargo & Company lowered their price objective 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. Mizuho assumed coverage on Marsh & McLennan Companies in a report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Seven 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.

Insider Activity at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the business’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 sale, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

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.