Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. trimmed its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 43.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 751,825 shares of the financial services provider’s stock after selling 579,432 shares during the period. Marsh & McLennan Companies comprises 1.9% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 20th largest holding. Montrusco Bolton Investments Inc.’s holdings in Marsh & McLennan Companies were worth $156,159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth about $3,710,000. Czech National Bank boosted its holdings in shares of Marsh & McLennan Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 100,175 shares of the financial services provider’s stock valued at $22,348,000 after acquiring an additional 6,282 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Citigroup Inc. grew its position in Marsh & McLennan Companies by 4.8% during the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares during the period. Finally, Kinsale Capital Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after buying an additional 3,880 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Down 1.3 %

MMC opened at $220.84 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $218.01 and its two-hundred day simple moving average is $221.41. The firm has a market capitalization of $108.46 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1-year low of $189.90 and a 1-year 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. Shareholders of record on Thursday, January 30th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. Roth Mkm boosted their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Bank of America lifted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price 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. Finally, Evercore ISI reiterated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. 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 stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $228.60.

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.