Marsh & McLennan Companies, Inc. $MMC Shares Purchased by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,735 shares of the financial services provider’s stock after acquiring an additional 3,984 shares during the period. Marsh & McLennan Companies makes up 1.6% of Kinsale Capital Group Inc.’s holdings, making the stock its 26th biggest holding. Kinsale Capital Group Inc.’s holdings in Marsh & McLennan Companies were worth $8,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of Marsh & McLennan Companies by 51.2% in the 4th quarter. Brighton Jones LLC now owns 8,738 shares of the financial services provider’s stock valued at $1,856,000 after buying an additional 2,960 shares during the period. Bison Wealth LLC increased its stake in Marsh & McLennan Companies by 39.6% during the fourth 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. Clear Creek Financial Management LLC acquired a new stake in Marsh & McLennan Companies during the 2nd quarter worth approximately $255,000. Blair William & Co. IL raised its stake in shares of Marsh & McLennan Companies by 14.7% in the second quarter. Blair William & Co. IL now owns 51,341 shares of the financial services provider’s stock valued at $11,225,000 after acquiring an additional 6,580 shares in the last quarter. Finally, PDS Planning Inc boosted its holdings in Marsh & McLennan Companies by 44.1% in the second quarter. PDS Planning Inc now owns 4,689 shares of the financial services provider’s stock valued at $1,025,000 after purchasing an additional 1,434 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the company’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 directly owned 87,681 shares of the company’s stock, valued at $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

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, Inc. has a 1 year low of $174.18 and a 1 year high of $248.00. The stock’s fifty day moving average is $184.00 and its 200 day moving average is $191.97. The firm 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be given 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 (DPR) is presently 43.17%.

Analyst Upgrades and Downgrades

MMC has been the topic of a number of analyst reports. 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 research report on Tuesday, January 6th. Barclays lifted their price target on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. 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. Finally, Royal Bank Of Canada started coverage on Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price target on the stock. Seven 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.