Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Decreased by Pure Financial Advisors LLC

Pure Financial Advisors LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 40.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,560 shares of the financial services provider’s stock after selling 1,066 shares during the period. Pure Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew its position in shares of Marsh & McLennan Companies by 39.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,802 shares of the financial services provider’s stock valued at $808,000 after buying an additional 1,070 shares during the last quarter. Stokes Capital Advisors LLC grew its position in shares of Marsh & McLennan Companies by 1.9% during the 4th quarter. Stokes Capital Advisors LLC now owns 37,966 shares of the financial services provider’s stock valued at $8,064,000 after buying an additional 699 shares during the last quarter. UMB Bank n.a. grew its position in shares of Marsh & McLennan Companies by 26.7% during the 4th quarter. UMB Bank n.a. now owns 1,865 shares of the financial services provider’s stock valued at $396,000 after buying an additional 393 shares during the last quarter. Access Financial Services Inc. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $1,223,000. Finally, Trueblood Wealth Management LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $224,000. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Trading Up 1.4 %

Shares of NYSE:MMC opened at $218.21 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $218.45 and a 200-day moving average of $221.23. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The firm has a market cap of $107.17 billion, a P/E ratio of 26.87, a P/E/G ratio of 2.38 and a beta of 0.96.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a $0.815 dividend. 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 payout ratio is currently 40.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MMC. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Bank of America boosted their target price 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. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.60.

About Marsh & McLennan Companies

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.