Genesis Private Wealth LLC Takes $259,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Genesis Private Wealth LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,218 shares of the financial services provider’s stock, valued at approximately $259,000.

Other hedge funds have also bought and sold shares of the company. Simon Quick Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 8.5% during the fourth quarter. Simon Quick Advisors LLC now owns 2,238 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 175 shares in the last quarter. Mogy Joel R Investment Counsel Inc. increased its position in Marsh & McLennan Companies by 36.7% during the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 9,910 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 2,662 shares in the last quarter. Segment Wealth Management LLC raised its stake in Marsh & McLennan Companies by 0.6% during the fourth quarter. Segment Wealth Management LLC now owns 79,706 shares of the financial services provider’s stock valued at $16,930,000 after buying an additional 437 shares during the last quarter. Reliant Investment Management LLC boosted its holdings in Marsh & McLennan Companies by 5.6% in the fourth quarter. Reliant Investment Management LLC now owns 24,939 shares of the financial services provider’s stock worth $5,297,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Marsh & McLennan Companies by 6.2% in the fourth quarter. Ballentine Partners LLC now owns 9,781 shares of the financial services provider’s stock worth $2,078,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $218.21 on Wednesday. The stock’s fifty day moving average is $218.45 and its 200 day moving average is $221.23. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year 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 stock has a market cap of $107.17 billion, a P/E ratio of 26.87, a P/E/G ratio of 2.25 and a beta of 0.96.

Marsh & McLennan Companies Dividend Announcement

The business 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 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 (DPR) is presently 40.15%.

Insiders Place Their Bets

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the firm’s 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 sale, the director now directly owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MMC has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reiterated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. 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. Finally, The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Two equities research 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 MarketBeat.com, the stock 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.