UniSuper Management Pty Ltd Purchases 6,976 Shares of Marsh & McLennan Companies, Inc. $MMC

UniSuper Management Pty Ltd grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 39,527 shares of the financial services provider’s stock after acquiring an additional 6,976 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Marsh & McLennan Companies were worth $7,966,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TrueMark Investments LLC grew its stake in shares of Marsh & McLennan Companies by 111.2% in the 3rd quarter. TrueMark Investments LLC now owns 3,912 shares of the financial services provider’s stock worth $788,000 after buying an additional 2,060 shares in the last quarter. JLB & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 1.1% in the 3rd quarter. JLB & Associates Inc. now owns 57,516 shares of the financial services provider’s stock valued at $11,591,000 after acquiring an additional 648 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Marsh & McLennan Companies by 4.5% during the third quarter. Teacher Retirement System of Texas now owns 145,839 shares of the financial services provider’s stock worth $29,391,000 after acquiring an additional 6,334 shares during the last quarter. GEM Asset Management LLC purchased a new stake in Marsh & McLennan Companies during the third quarter valued at approximately $395,000. Finally, UNIVEST FINANCIAL Corp lifted its stake in shares of Marsh & McLennan Companies by 125.3% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 17,069 shares of the financial services provider’s stock valued at $3,440,000 after purchasing an additional 9,493 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Marsh & McLennan Companies from $212.00 to $199.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Mizuho assumed coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, December 16th. They issued an “outperform” rating and a $212.00 target price on the stock. UBS Group lowered their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday, October 31st. Finally, Royal Bank Of Canada initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $200.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $218.82.

Insiders Place Their Bets

In related news, CEO John Q. Doyle sold 21,079 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $15,977,231.82. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Performance

The business has a 50 day moving average of $183.69 and a 200-day moving average of $194.05. The company has a market capitalization of $89.35 billion, a PE ratio of 21.87, a PEG ratio of 2.87 and a beta of 0.76. 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, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, January 29th. Marsh & McLennan Companies’s payout ratio is presently 43.17%.

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.