Marsh & McLennan Companies, Inc. $MMC Position Lessened by Capital Planning Advisors LLC

Capital Planning Advisors LLC lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,089 shares of the financial services provider’s stock after selling 5,611 shares during the quarter. Capital Planning Advisors LLC’s holdings in Marsh & McLennan Companies were worth $4,452,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new position in Marsh & McLennan Companies in the third quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in Marsh & McLennan Companies in the second quarter worth approximately $29,000. Westside Investment Management Inc. increased its stake 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 bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at $32,000. Finally, TruNorth Capital Management LLC bought a new stake in Marsh & McLennan Companies in the third quarter worth $32,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the completion of the transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Down 1.7%

Shares of MMC stock opened at $182.39 on Monday. The firm has a market capitalization of $89.35 billion, a P/E 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. The firm’s fifty day simple moving average is $183.92 and its 200 day simple moving average is $191.03. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, January 29th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was 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 currently 43.17%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MMC shares. Evercore cut their target price on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. JPMorgan Chase & Co. reduced their target price on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on Marsh & McLennan Companies from $191.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Finally, Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $216.88.

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.