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

Angeles Wealth Management LLC decreased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,430 shares of the financial services provider’s stock after selling 156 shares during the quarter. Angeles Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $304,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Carmichael Hill & Associates Inc. increased its holdings in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Financial Life Planners purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at $33,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $38,000. Finally, Capital Performance Advisors LLP bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MMC has been the subject of several analyst reports. BMO Capital Markets upped their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Roth Mkm boosted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of NYSE:MMC opened at $228.03 on Tuesday. 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 has a market capitalization of $111.99 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The firm has a 50 day moving average of $216.81 and a 200 day moving average of $221.63. Marsh & McLennan Companies, Inc. has a 52 week low of $194.94 and a 52 week 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 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 1.43%. 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.