Capital Asset Advisory Services LLC Increases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Capital Asset Advisory Services LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,126 shares of the financial services provider’s stock after acquiring 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 reporting period.

Several other hedge funds have also made changes to their positions in MMC. Carmichael Hill & Associates Inc. boosted its holdings in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at $31,000. Albion Financial Group UT purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $38,000. Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth about $41,000. Finally, Bangor Savings Bank acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. 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. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. BMO Capital Markets lifted their target price on 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, The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Stock Up 0.7 %

NYSE:MMC opened at $218.94 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50. The business’s fifty day moving average price is $218.00 and its 200 day moving average price is $221.30. The firm has a market capitalization of $107.53 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Dividend Announcement

The company 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. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio is 40.15%.

Insider Buying and Selling

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.