Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,822 shares of the financial services provider’s stock after purchasing an additional 609 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $3,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Carmichael Hill & Associates Inc. boosted its position in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $31,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $38,000. Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies during the third quarter valued at approximately $41,000. Finally, Bangor Savings Bank acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $46,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $218.94 on Friday. The business’s 50-day moving average price is $218.00 and its 200-day moving average price is $221.24. Marsh & McLennan Companies, Inc. has a 12 month low of $188.31 and a 12 month high of $235.50. 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 firm has a market capitalization of $107.53 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio is 40.15%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now directly 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 SEC, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MMC. Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Bank of America boosted their price target 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. Roth Mkm upped their price objective 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. Finally, Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note 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 data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $228.60.

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.