AEGON ASSET MANAGEMENT UK Plc Lowers Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

AEGON ASSET MANAGEMENT UK Plc lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,410 shares of the financial services provider’s stock after selling 4,579 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Marsh & McLennan Companies were worth $25,579,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. raised its holdings in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $38,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth $41,000. Finally, Bangor Savings Bank purchased a new position in Marsh & McLennan Companies in the third quarter valued at about $46,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MMC shares. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Bank of America lifted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays upped their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. BMO Capital Markets lifted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group upped their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and an average target price of $228.60.

Insider Activity

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.7 %

NYSE:MMC opened at $218.94 on Friday. The business’s 50 day moving average is $218.00 and its two-hundred day moving average is $221.24. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50. The company has a market cap of $107.53 billion, a PE ratio of 26.96, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.15%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.