Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Lowered by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,410 shares of the financial services provider’s stock after selling 4,579 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Marsh & McLennan Companies were worth $25,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its holdings in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after buying an additional 518,185 shares in the last quarter. Geode Capital Management LLC boosted its position in Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the period. Legal & General Group Plc grew its stake in shares of Marsh & McLennan Companies by 5.2% in the second quarter. Legal & General Group Plc now owns 4,530,716 shares of the financial services provider’s stock worth $954,712,000 after purchasing an additional 223,257 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of Marsh & McLennan Companies by 2.0% during the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after purchasing an additional 85,754 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after purchasing an additional 184,239 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of NYSE:MMC opened at $218.94 on Friday. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week 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 company has a market cap of $107.53 billion, a PE ratio of 26.96, a price-to-earnings-growth 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 $221.24.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis 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 company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, the director now owns 48,549 shares in the company, valued at approximately $10,756,030.95. This represents a 4.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Roth Mkm boosted their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets boosted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Bank of America raised their target price on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.