Sequoia Financial Advisors LLC Lowers Stock Holdings in Marsh & McLennan Companies, Inc. $MMC

Sequoia Financial Advisors LLC lessened its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 90.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,787 shares of the financial services provider’s stock after selling 166,938 shares during the period. Sequoia Financial Advisors LLC’s holdings in Marsh & McLennan Companies were worth $3,585,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MMC. Pinnacle Bancorp Inc. purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $25,000. Headlands Technologies LLC bought a new stake in shares of Marsh & McLennan Companies during the second quarter valued at approximately $29,000. Westside Investment Management Inc. boosted its position in shares of Marsh & McLennan Companies by 363.3% during the second quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 109 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Marsh & McLennan Companies during the second quarter valued at $32,000. Finally, TruNorth Capital Management LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $32,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $182.39 on Wednesday. Marsh & McLennan Companies, Inc. has a 12-month low of $174.18 and a 12-month high of $248.00. 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 firm has a 50-day moving average price of $183.73 and a 200-day moving average price of $194.56. The firm has a market capitalization of $89.35 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MMC shares. Bank of America reaffirmed an “underperform” rating and issued a $181.00 target price (down from $243.00) on shares of Marsh & McLennan Companies in a report on Monday, November 3rd. Barclays upped their price objective on Marsh & McLennan Companies from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marsh & McLennan Companies in a research note on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $218.82.

Insider Buying and Selling at Marsh & McLennan Companies

In related news, CEO John Q. Doyle sold 21,079 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer directly owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

About Marsh & McLennan Companies

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.