Birch Hill Investment Advisors LLC Trims Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Birch Hill Investment Advisors LLC decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 430,111 shares of the financial services provider’s stock after selling 1,320 shares during the quarter. Marsh & McLennan Companies accounts for about 4.2% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 5th biggest holding. Birch Hill Investment Advisors LLC’s holdings in Marsh & McLennan Companies were worth $91,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in shares of Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after buying an additional 45 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Marsh & McLennan Companies by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after buying an additional 52 shares during the period. BSW Wealth Partners boosted its holdings in shares of Marsh & McLennan Companies by 5.1% during the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 53 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in shares of Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

NYSE MMC opened at $227.45 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The stock has a 50-day simple moving average of $216.81 and a 200 day simple moving average of $221.58. The stock has a market capitalization of $111.71 billion, a PE ratio of 27.77, a P/E/G ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $194.50 and a twelve month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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 return on equity of 32.60% and a net margin of 16.60%. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MMC. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Roth Mkm lifted 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. BMO Capital Markets boosted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock 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 four have issued a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies has an average 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.