Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Allworth Financial LP

Allworth Financial LP reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,897 shares of the financial services provider’s stock after selling 115 shares during the period. Allworth Financial LP’s holdings in Marsh & McLennan Companies were worth $847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. Fortitude Family Office LLC increased 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 in the last quarter. Geneos Wealth Management Inc. grew 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 valued at $281,000 after acquiring an additional 47 shares during the last quarter. Hemington Wealth Management increased its holdings in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 48 shares in the last quarter. TFB Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.0% in the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 51 shares in the last quarter. Finally, BSW Wealth Partners grew its position 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. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $231.13 on Thursday. The business has a 50-day moving average of $217.63 and a two-hundred day moving average of $222.09. The firm has a market capitalization of $113.51 billion, a PE ratio of 28.22, a P/E/G ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.6 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus price target of $230.44.

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.