Motco Sells 1,687 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Motco lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 92.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140 shares of the financial services provider’s stock after selling 1,687 shares during the period. Motco’s holdings in Marsh & McLennan Companies were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. First American Bank boosted its stake in Marsh & McLennan Companies by 0.9% during the fourth quarter. First American Bank now owns 60,303 shares of the financial services provider’s stock worth $12,809,000 after acquiring an additional 562 shares in the last quarter. Fielder Capital Group LLC boosted its stake in Marsh & McLennan Companies by 49.4% during the fourth quarter. Fielder Capital Group LLC now owns 2,321 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 767 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Marsh & McLennan Companies by 7.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,278 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 92 shares in the last quarter. Heritage Oak Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies during the fourth quarter worth about $248,000. Finally, Proficio Capital Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 29,648.6% in the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock worth $146,346,000 after buying an additional 686,662 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MMC. Barclays upped their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Raymond James reiterated an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Up 1.4 %

Shares of MMC stock opened at $237.78 on Friday. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $237.97. The stock has a market cap of $116.78 billion, a P/E ratio of 29.03, a P/E/G ratio of 2.70 and a beta of 0.96. 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 has a 50 day simple moving average of $220.47 and a two-hundred day simple moving average of $222.79.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.37%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

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.