AlphaQuest LLC Increases Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

AlphaQuest LLC boosted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 106.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,086 shares of the financial services provider’s stock after acquiring an additional 4,174 shares during the quarter. AlphaQuest LLC’s holdings in Marsh & McLennan Companies were worth $1,630,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. TFR Capital LLC. increased its position in shares of Marsh & McLennan Companies by 2.7% during the second quarter. TFR Capital LLC. now owns 1,857 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 48 shares during the last quarter. Ignite Planners LLC increased its holdings in Marsh & McLennan Companies by 3.5% during the 2nd quarter. Ignite Planners LLC now owns 1,440 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 49 shares during the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Marsh & McLennan Companies by 0.7% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,403 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 50 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Marsh & McLennan Companies by 11.7% during the second quarter. Pittenger & Anderson Inc. now owns 479 shares of the financial services provider’s stock worth $105,000 after buying an additional 50 shares in the last quarter. Finally, Hanson & Doremus Investment Management raised its holdings in Marsh & McLennan Companies by 31.3% in the third quarter. Hanson & Doremus Investment Management now owns 214 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds 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 firm’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 completion of the sale, the chief executive officer directly owned 87,681 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies, Inc. has a 52-week low of $174.18 and a 52-week high of $248.00. 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 fifty day moving average of $183.96 and a two-hundred day moving average of $192.98. 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.

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MMC shares. Mizuho started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price for the company. Citigroup cut their price objective on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Evercore ISI decreased their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, January 7th. Royal Bank Of Canada started coverage on 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. Finally, Barclays boosted their target price 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. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $218.82.

About Marsh & McLennan Companies

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.