Capital Asset Advisory Services LLC Has $2.14 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Capital Asset Advisory Services LLC grew its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,126 shares of the financial services provider’s stock after buying an additional 89 shares during the period. Capital Asset Advisory Services LLC’s holdings in Marsh & McLennan Companies were worth $2,139,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MMC. Blue Trust Inc. grew its stake in shares of Marsh & McLennan Companies by 8.5% during the 4th quarter. Blue Trust Inc. now owns 21,781 shares of the financial services provider’s stock worth $4,859,000 after acquiring an additional 1,700 shares in the last quarter. Duncan Williams Asset Management LLC bought a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $258,000. Running Oak Capital LLC raised its stake in shares of Marsh & McLennan Companies by 9.6% during the 4th quarter. Running Oak Capital LLC now owns 62,006 shares of the financial services provider’s stock worth $13,171,000 after purchasing an additional 5,422 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in shares of Marsh & McLennan Companies by 3.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 18,822 shares of the financial services provider’s stock valued at $3,998,000 after buying an additional 609 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after buying an additional 47 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.7 %

NYSE:MMC opened at $218.94 on Monday. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The company’s 50-day simple moving average is $218.00 and its 200 day simple moving average is $221.30. The firm has a market capitalization of $107.53 billion, a P/E ratio of 26.96, a PEG ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies Dividend Announcement

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

Insider Activity at Marsh & McLennan Companies

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MMC shares. JPMorgan Chase & Co. increased their price objective 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. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Evercore ISI restated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. BMO Capital Markets raised their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.