Calamos Wealth Management LLC Increases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Wealth Management LLC lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 32.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,105 shares of the financial services provider’s stock after purchasing an additional 12,824 shares during the period. Calamos Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $11,068,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Carmichael Hill & Associates Inc. grew its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the third quarter worth about $31,000. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $33,000. Albion Financial Group UT bought a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $38,000. Finally, Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $41,000. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MMC. Jefferies Financial Group increased their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets upped their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Barclays boosted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus price target of $229.13.

Marsh & McLennan Companies Trading Up 1.1 %

NYSE MMC opened at $219.24 on Tuesday. The stock has a market cap of $107.67 billion, a PE ratio of 26.77, a PEG ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12 month low of $191.87 and a 12 month high of $235.50. The company’s 50-day moving average price is $217.65 and its 200-day moving average price is $221.41. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results 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 net margin of 16.60% and a return on equity of 32.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share 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. Investors of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.