Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Position in Marsh & McLennan Companies, Inc. $MMC

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,813 shares of the financial services provider’s stock after selling 6,097 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Marsh & McLennan Companies worth $100,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MMC. Chicago Partners Investment Group LLC grew its stake in Marsh & McLennan Companies by 12.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,997 shares of the financial services provider’s stock valued at $402,000 after acquiring an additional 214 shares in the last quarter. Vest Financial LLC grew its position in shares of Marsh & McLennan Companies by 54.6% in the third quarter. Vest Financial LLC now owns 1,500 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 530 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in shares of Marsh & McLennan Companies by 25.8% in the third quarter. Waldron Private Wealth LLC now owns 2,046 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 420 shares during the last quarter. Middleton & Co. Inc. MA purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $330,000. Finally, Jackson Thornton Wealth Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $483,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $191.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Citigroup dropped 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 report on Thursday, December 4th. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $200.00 to $195.00 in a research report on Monday, October 20th. Evercore ISI cut their price objective 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. Finally, Royal Bank Of Canada assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target on the stock. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $218.82.

Insider Buying and Selling

In other news, CEO John Q. Doyle sold 21,079 shares of the business’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 transaction, the chief executive officer owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Marsh & McLennan Companies Stock Down 1.7%

Marsh & McLennan Companies stock opened at $182.39 on Wednesday. The stock has a 50-day simple moving average of $183.73 and a 200-day simple moving average of $194.56. The company has a market capitalization of $89.35 billion, a P/E ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.12 and a current ratio of 1.12. Marsh & McLennan Companies, Inc. has a fifty-two week low of $174.18 and a fifty-two week high of $248.00.

Marsh & McLennan Companies Dividend Announcement

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 paid a dividend of $0.90 per share. 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 dividend payout ratio is 43.17%.

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.