Sumitomo Life Insurance Co. Sells 228 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sumitomo Life Insurance Co. lowered its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,845 shares of the financial services provider’s stock after selling 228 shares during the period. Sumitomo Life Insurance Co.’s holdings in Marsh & McLennan Companies were worth $2,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after buying an additional 45 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Marsh & McLennan Companies by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 52 shares in the last quarter. BSW Wealth Partners increased its holdings in shares of Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 53 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Marsh & McLennan Companies by 3.5% during the third quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.3 %

Marsh & McLennan Companies stock opened at $220.84 on Wednesday. The stock’s fifty day simple moving average is $218.00 and its 200-day simple moving average is $221.40. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a twelve month low of $189.90 and a twelve month high of $235.50. The firm has a market capitalization of $108.46 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MMC. Keefe, Bruyette & Woods boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Bank of America raised their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued 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 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.