Fidelis Capital Partners LLC Sells 574 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fidelis Capital Partners LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,185 shares of the financial services provider’s stock after selling 574 shares during the period. Fidelis Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,356,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Carmichael Hill & Associates Inc. lifted its stake in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the third quarter worth approximately $31,000. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $33,000. Sierra Ocean LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $36,000. Finally, Albion Financial Group UT purchased a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.7 %

MMC stock opened at $239.53 on Tuesday. The company’s 50-day simple moving average is $221.02 and its 200-day simple moving average is $222.97. 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 52-week low of $196.17 and a 52-week high of $239.81. The firm has a market cap of $117.64 billion, a P/E ratio of 29.25, a PEG ratio of 2.70 and a beta of 0.96.

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

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.36%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MMC. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Raymond James reissued an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price 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.