Savant Capital LLC Has $4.90 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Savant Capital LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 142.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 24,335 shares of the financial services provider’s stock after purchasing an additional 14,281 shares during the period. Savant Capital LLC’s holdings in Marsh & McLennan Companies were worth $4,904,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MMC. Jennison Associates LLC increased its holdings in Marsh & McLennan Companies by 225.1% during the 2nd quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after acquiring an additional 727,714 shares during the period. Vanguard Group Inc. grew its position in shares of Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock valued at $10,092,108,000 after purchasing an additional 837,117 shares in the last quarter. Navera Investment Management Ltd. increased its holdings in shares of Marsh & McLennan Companies by 7.0% in the third quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock worth $327,303,000 after purchasing an additional 105,954 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Marsh & McLennan Companies by 18.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after buying an additional 34,400 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its position in Marsh & McLennan Companies by 4.4% during the third quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock worth $15,356,000 after buying an additional 3,177 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insider Buying and Selling at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the 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 owned 87,681 shares of the company’s stock, valued at approximately $15,977,231.82. This represents a 19.38% 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. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MMC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Barclays lifted their target price 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. Evercore ISI decreased their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, January 7th. Mizuho initiated coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price for the company. Finally, Citigroup lowered their price target on Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $216.88.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $182.39 on Friday. The firm has a fifty day simple moving average of $184.02 and a two-hundred day simple moving average of $192.29. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a twelve month low of $174.18 and a twelve month high of $248.00. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76.

Marsh & McLennan Companies Announces Dividend

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

Marsh & McLennan Companies Company 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.