Mitchell & Pahl Private Wealth LLC Has $297,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mitchell & Pahl Private Wealth LLC trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,399 shares of the financial services provider’s stock after selling 131 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Marsh & McLennan Companies were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. increased its holdings in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies during the third quarter worth $31,000. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies during the third quarter worth $41,000. Bangor Savings Bank acquired a new position in Marsh & McLennan Companies during the third quarter worth $46,000. Finally, Fortitude Family Office LLC boosted its position in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of research analyst reports. 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 report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. 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 report on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Two investment 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. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $228.60.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of the firm’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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Marsh & McLennan Companies Stock 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 market cap of $107.17 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.38 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. The stock has a 50-day moving average price of $218.45 and a two-hundred day moving average price of $221.23.

Marsh & McLennan Companies Dividend Announcement

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