Running Oak Capital LLC Acquires 4,484 Shares of Marsh & McLennan Companies, Inc. $MMC

Running Oak Capital LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,926 shares of the financial services provider’s stock after acquiring an additional 4,484 shares during the quarter. Running Oak Capital LLC’s holdings in Marsh & McLennan Companies were worth $15,503,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in Marsh & McLennan Companies during the third quarter valued at about $25,000. Headlands Technologies LLC bought a new position in shares of Marsh & McLennan Companies during the 2nd quarter valued at approximately $29,000. Westside Investment Management Inc. increased its stake in shares of Marsh & McLennan Companies by 363.3% during the 2nd quarter. Westside Investment Management Inc. now owns 139 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 109 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Marsh & McLennan Companies in the 2nd quarter worth approximately $32,000. Finally, TruNorth Capital Management LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at $32,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MMC. The Goldman Sachs Group upgraded Marsh & McLennan Companies from a “sell” rating to a “neutral” rating and lowered their target price for the company from $200.00 to $195.00 in a research note on Monday, October 20th. Evercore ISI lowered their price objective on Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 7th. Citigroup cut their target price on shares of Marsh & McLennan Companies from $211.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Wells Fargo & Company lowered their price target on shares of Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, UBS Group cut their price objective on shares of Marsh & McLennan Companies from $258.00 to $257.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $218.82.

Marsh & McLennan Companies Price Performance

MMC stock opened at $182.39 on Tuesday. The firm has a 50 day moving average of $184.02 and a 200-day moving average of $192.64. The firm has a market capitalization of $89.35 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.87 and a beta of 0.76. Marsh & McLennan Companies, Inc. has a 12 month low of $174.18 and a 12 month high of $248.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Thursday, January 29th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is 43.17%.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $182.22, for a total value of $3,841,015.38. Following the sale, the chief executive officer owned 87,681 shares in the company, valued at approximately $15,977,231.82. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.