Hantz Financial Services Inc. Sells 3,994 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hantz Financial Services Inc. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,255 shares of the financial services provider’s stock after selling 3,994 shares during the quarter. Hantz Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Assenagon Asset Management S.A. grew its stake in shares of Marsh & McLennan Companies by 7,320.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after buying an additional 1,093,817 shares during the period. FMR LLC boosted its stake in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after buying an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after purchasing an additional 504,897 shares during the period. International Assets Investment Management LLC increased its holdings in Marsh & McLennan Companies by 31,846.5% during the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after buying an additional 426,425 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after acquiring an additional 363,569 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.7 %

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 stock has a market cap of $108.44 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. 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 company’s 50 day moving average is $217.95 and its 200 day moving average is $221.40.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target 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. UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group boosted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $228.60.

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.