Marsh & McLennan Companies, Inc. $MMC Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,768 shares of the financial services provider’s stock after buying an additional 9,214 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Marsh & McLennan Companies were worth $14,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in Marsh & McLennan Companies during the 3rd quarter worth $25,000. Headlands Technologies LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $29,000. Westside Investment Management Inc. increased its position in Marsh & McLennan Companies by 363.3% in the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 109 shares during the period. Delos Wealth Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 2nd quarter valued at approximately $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.7%

MMC stock opened at $182.39 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $183.96 and its 200 day moving average price is $193.10. Marsh & McLennan Companies, Inc. has a 52 week low of $174.18 and a 52 week high of $248.00. The company has a market cap of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, January 29th. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is 43.17%.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer directly owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MMC. JPMorgan Chase & Co. cut their price target on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Royal Bank Of Canada began coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price for the company. UBS Group dropped their price target on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Barclays raised their price objective on shares of Marsh & McLennan Companies from $206.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $218.82.

Marsh & McLennan Companies Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.