Capital Planning Advisors LLC Boosts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Capital Planning Advisors LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,378 shares of the financial services provider’s stock after purchasing an additional 2,532 shares during the period. Capital Planning Advisors LLC’s holdings in Marsh & McLennan Companies were worth $6,028,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MMC. Carmichael Hill & Associates Inc. boosted 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 acquiring an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Albion Financial Group UT acquired a new position in Marsh & McLennan Companies during the 4th quarter worth $38,000. Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies during the third quarter valued at approximately $41,000. Finally, Bangor Savings Bank acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.4 %

MMC stock opened at $217.37 on Thursday. The business’s 50-day simple moving average is $218.14 and its 200 day simple moving average is $221.23. 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, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50. The company has a market cap of $106.75 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio is presently 40.15%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MMC. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Bank of America increased 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 report on Thursday, October 10th. Barclays increased their price target on 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. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. Finally, UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and an average price target of $228.60.

Insider Buying and Selling

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was 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 of the company’s stock, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.