Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Welch & Forbes LLC

Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 18,300 shares of the company’s stock after selling 500 shares during the period. Welch & Forbes LLC’s holdings in Marsh & McLennan Companies were worth $1,231,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in Marsh & McLennan Companies by 1.4% in the third quarter. Great West Life Assurance Co. Can now owns 468,777 shares of the company’s stock valued at $31,493,000 after buying an additional 6,359 shares during the period. BB&T Corp bought a new stake in Marsh & McLennan Companies during the second quarter valued at approximately $21,762,000. Artisan Partners Limited Partnership boosted its stake in Marsh & McLennan Companies by 2.0% in the second quarter. Artisan Partners Limited Partnership now owns 7,357,005 shares of the company’s stock valued at $503,661,000 after buying an additional 147,217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Marsh & McLennan Companies by 26.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 564,731 shares of the company’s stock valued at $38,661,000 after buying an additional 117,999 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. boosted its stake in Marsh & McLennan Companies by 1.1% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 827,241 shares of the company’s stock valued at $56,633,000 after buying an additional 9,401 shares during the period. 84.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) opened at 68.85 on Friday. The firm has a market capitalization of $35.50 billion, a price-to-earnings ratio of 21.18 and a beta of 0.87. Marsh & McLennan Companies, Inc. has a 12-month low of $51.25 and a 12-month high of $69.77. The firm has a 50-day moving average of $68.24 and a 200 day moving average of $67.13.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, January 25th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, January 23rd. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 41.85%.

Several analysts have recently commented on MMC shares. Zacks Investment Research cut shares of Marsh & McLennan Companies from a “hold” rating to a “sell” rating in a research note on Monday, October 17th. BMO Capital Markets raised shares of Marsh & McLennan Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $75.00 to $76.00 in a research note on Friday, November 4th. They noted that the move was a valuation call. Citigroup Inc. decreased their price target on shares of Marsh & McLennan Companies from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, October 11th. Vetr raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating and set a $71.72 price target on the stock in a research note on Monday, December 5th. Finally, Sandler O’Neill raised shares of Marsh & McLennan Companies from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.84.

In other Marsh & McLennan Companies news, Chairman Peter Zaffino sold 109,279 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $65.08, for a total transaction of $7,111,877.32. Following the sale, the chairman now directly owns 203,352 shares of the company’s stock, valued at approximately $13,234,148.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Alexander S. Moczarski sold 8,850 shares of the business’s stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $68.00, for a total transaction of $601,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 128,129 shares of company stock worth $8,403,677 over the last ninety days. 1.51% of the stock is currently owned by insiders.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various specialty consultants, including Marsh, an insurance broker, intermediary and risk advisor; Guy Carpenter, a risk and reinsurance specialist; Mercer, a provider of human resource (HR) and related financial advice and services, and Oliver Wyman Group, a management, economic and brand consultancy.

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