Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC lessened its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,128 shares of the financial services provider’s stock after selling 625 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Marsh & McLennan Companies were worth $12,560,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Carmichael Hill & Associates Inc. increased its holdings in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $31,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $38,000. Capital Performance Advisors LLP purchased a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. Finally, Bangor Savings Bank purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MMC. Barclays lifted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Two investment 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, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $220.80 on Friday. The firm has a 50-day simple moving average of $217.95 and a two-hundred day simple moving average of $221.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1-year low of $190.41 and a 1-year high of $235.50. The stock has a market cap of $108.44 billion, a PE ratio of 27.19, a P/E/G ratio of 2.30 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

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.