Private Capital Advisors Inc. Has $17.59 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Private Capital Advisors Inc. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,807 shares of the financial services provider's stock after selling 1,648 shares during the quarter. Marsh & McLennan Companies accounts for approximately 2.1% of Private Capital Advisors Inc.'s investment portfolio, making the stock its 8th largest position. Private Capital Advisors Inc.'s holdings in Marsh & McLennan Companies were worth $17,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Carmichael Hill & Associates Inc. raised 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 worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies in the third quarter valued at $31,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $38,000. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies during the third quarter valued at $41,000. Finally, Bangor Savings Bank purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth about $46,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

MMC traded up $1.65 during midday trading on Friday, reaching $219.08. The company's stock had a trading volume of 803,355 shares, compared to its average volume of 2,009,541. 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 fifty day simple moving average of $218.07 and a 200 day simple moving average of $221.21. The stock has a market cap of $107.59 billion, a P/E ratio of 26.98, a PEG ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $188.31 and a twelve month high of $235.50.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 40.15%.

Analysts Set New Price Targets

MMC has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Evercore ISI restated an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a "sell" rating in a research note on Friday, October 18th. Finally, Barclays lifted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $228.60.

Insider Buying and Selling at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

Marsh & McLennan Companies 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.