Dynamic Advisor Solutions LLC Has $372,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Dynamic Advisor Solutions LLC cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 25.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,753 shares of the financial services provider’s stock after selling 590 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Marsh & McLennan Companies were worth $372,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new position in Marsh & McLennan Companies in the second quarter valued at about $4,193,000. Creative Planning lifted its holdings in shares of Marsh & McLennan Companies by 7.1% during the 2nd quarter. Creative Planning now owns 92,722 shares of the financial services provider’s stock valued at $19,538,000 after buying an additional 6,166 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 29.0% in the 2nd quarter. NewEdge Advisors LLC now owns 31,492 shares of the financial services provider’s stock valued at $6,636,000 after buying an additional 7,075 shares in the last quarter. Granite FO LLC bought a new position in Marsh & McLennan Companies during the second quarter valued at approximately $253,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Marsh & McLennan Companies by 40.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 4,489 shares of the financial services provider’s stock valued at $946,000 after acquiring an additional 1,288 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 2.2 %

NYSE MMC opened at $223.76 on Tuesday. Marsh & McLennan Companies, Inc. has a twelve month low of $189.90 and a twelve month high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $109.89 billion, a PE ratio of 27.56, a PEG ratio of 2.27 and a beta of 0.96. The firm has a 50-day simple moving average of $218.00 and a 200 day simple moving average of $221.35.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MMC. BMO Capital Markets raised their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Roth Mkm boosted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, Bank of America lifted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. 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 company. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average target price of $228.60.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the sale, the director now directly owns 48,549 shares in the company, valued at approximately $10,756,030.95. The trade was a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by company 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.