Busey Bank Has $269,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Busey Bank cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,266 shares of the financial services provider’s stock after selling 76 shares during the quarter. Busey Bank’s holdings in Marsh & McLennan Companies were worth $269,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Gries Financial LLC boosted its holdings in shares of Marsh & McLennan Companies by 8.2% in the 4th quarter. Gries Financial LLC now owns 6,674 shares of the financial services provider’s stock valued at $1,418,000 after purchasing an additional 504 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $267,000. Swedbank AB grew its position in Marsh & McLennan Companies by 1.5% in the fourth quarter. Swedbank AB now owns 279,960 shares of the financial services provider’s stock valued at $59,466,000 after acquiring an additional 4,266 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Marsh & McLennan Companies by 1.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,673,831 shares of the financial services provider’s stock worth $355,538,000 after acquiring an additional 23,395 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $678,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MMC. Roth Mkm increased their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. Barclays lifted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company dropped their price objective on shares of 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Performance

MMC stock opened at $220.80 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $190.41 and a 1-year high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $217.95 and a 200-day moving average price of $221.40. The firm has a market cap of $108.44 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.67 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

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

Marsh & McLennan Companies Company 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.