Warther Private Wealth LLC Reduces Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Warther Private Wealth LLC trimmed its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,740 shares of the financial services provider’s stock after selling 60 shares during the quarter. Warther Private Wealth LLC’s holdings in Marsh & McLennan Companies were worth $582,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC increased its holdings in shares of Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after buying an additional 45 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 47 shares during the last quarter. BSW Wealth Partners lifted its stake in shares of Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 53 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of Marsh & McLennan Companies by 3.5% during the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 54 shares during the period. Finally, Turtle Creek Wealth Advisors LLC increased its position in Marsh & McLennan Companies by 3.0% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 54 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.0 %

MMC opened at $228.12 on Wednesday. Marsh & McLennan Companies, Inc. has a twelve month low of $194.94 and a twelve month high of $235.50. The business has a 50 day moving average price of $216.71 and a 200 day moving average price of $221.71. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The firm has a market cap of $112.04 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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 forecast that Marsh & McLennan Companies, Inc. will post 9.54 EPS 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. Shareholders of record on Thursday, January 30th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Wall Street Analyst Weigh In

MMC has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target 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 raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Raymond James reiterated an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, BMO Capital Markets boosted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $230.44.

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.