Baker Ellis Asset Management LLC Buys 400 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Baker Ellis Asset Management LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,348 shares of the financial services provider’s stock after buying an additional 400 shares during the period. Baker Ellis Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carmichael Hill & Associates Inc. raised its position in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at $31,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at $38,000. Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at $41,000. Finally, Bangor Savings Bank purchased a new position in shares of Marsh & McLennan Companies in the third quarter valued at $46,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MMC shares. Roth Mkm raised their target price on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Bank of America lifted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $217.37 on Thursday. 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 business has a 50-day moving average price of $218.31 and a 200 day moving average price of $221.26. The company has a market capitalization of $106.75 billion, a P/E ratio of 26.77, a PEG ratio of 2.28 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1-year low of $188.31 and a 1-year high of $235.50.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.50%. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Insider Activity at Marsh & McLennan Companies

In related news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated 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 directly owns 48,549 shares in the company, valued at $10,756,030.95. The trade was a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

About Marsh & McLennan Companies

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.