Calamos Wealth Management LLC Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Calamos Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 32.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,105 shares of the financial services provider’s stock after buying an additional 12,824 shares during the quarter. Calamos Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $11,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MMC. Calamos Advisors LLC increased its holdings in Marsh & McLennan Companies by 0.4% in the fourth quarter. Calamos Advisors LLC now owns 264,192 shares of the financial services provider’s stock valued at $56,117,000 after buying an additional 1,034 shares during the last quarter. Trust Point Inc. raised its position in shares of Marsh & McLennan Companies by 3.3% during the 4th quarter. Trust Point Inc. now owns 3,005 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 95 shares in the last quarter. Optas LLC lifted its stake in Marsh & McLennan Companies by 6.5% during the fourth quarter. Optas LLC now owns 2,070 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 127 shares during the last quarter. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Finally, Jennison Associates LLC raised its holdings in Marsh & McLennan Companies by 7.9% during the fourth quarter. Jennison Associates LLC now owns 563,705 shares of the financial services provider’s stock worth $119,737,000 after purchasing an additional 41,328 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MMC. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday. Bank of America increased their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $229.13.

Marsh & McLennan Companies Stock Up 1.1 %

Shares of MMC opened at $219.24 on Tuesday. The firm has a market cap of $107.67 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company’s fifty day moving average is $217.65 and its two-hundred day moving average is $221.41. Marsh & McLennan Companies, Inc. has a fifty-two week low of $191.87 and a fifty-two week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Analysts forecast that Marsh & McLennan Companies, Inc. will post 9.45 earnings per share 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 paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

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.