Victory Capital Management Inc. Sells 5,780 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Victory Capital Management Inc. reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,245 shares of the financial services provider’s stock after selling 5,780 shares during the quarter. Victory Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $36,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Life Planners purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter worth about $36,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $38,000. Capital Performance Advisors LLP purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Down 0.4 %

Shares of MMC opened at $235.40 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $241.84. The company has a market cap of $115.61 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $222.83 and its 200-day simple moving average is $223.35.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 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.