Spire Wealth Management Has $969,000 Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Spire Wealth Management trimmed its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 61.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,561 shares of the financial services provider’s stock after selling 7,278 shares during the quarter. Spire Wealth Management’s holdings in Marsh & McLennan Companies were worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. FMR LLC lifted its holdings in 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 purchasing an additional 518,185 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.0% during the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after buying an additional 85,754 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock worth $603,205,000 after buying an additional 30,367 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $222.99 on Wednesday. The stock has a market cap of $109.51 billion, a P/E ratio of 27.23, a PEG ratio of 2.27 and a beta of 0.96. The stock has a 50 day simple moving average of $217.42 and a 200 day simple moving average of $221.42. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 1-year low of $191.87 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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 9.45 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $229.13.

About Marsh & McLennan Companies

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.