Sigma Planning Corp Raises Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sigma Planning Corp increased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,326 shares of the financial services provider’s stock after purchasing an additional 66 shares during the period. Sigma Planning Corp’s holdings in Marsh & McLennan Companies were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in shares of 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 purchasing an additional 47 shares during the period. Hemington Wealth Management grew its holdings in shares of Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after buying an additional 48 shares in the last quarter. TFB Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock worth $547,000 after buying an additional 51 shares in the last quarter. BSW Wealth Partners grew its holdings in shares of Marsh & McLennan Companies by 5.1% during the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after buying an additional 53 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 3.0% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 54 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MMC shares. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Raymond James restated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Two investment 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. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Trading Up 1.4 %

Shares of Marsh & McLennan Companies stock opened at $234.80 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $236.00. The firm has a market cap of $115.32 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The business has a fifty day simple moving average of $219.95 and a 200-day simple moving average of $222.65.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.