Wealth Alliance Sells 156 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Wealth Alliance cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,238 shares of the financial services provider’s stock after selling 156 shares during the period. Wealth Alliance’s holdings in Marsh & McLennan Companies were worth $1,750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. boosted its stake in shares of Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 3,300 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. boosted its stake in shares of Marsh & McLennan Companies by 16.8% during the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after acquiring an additional 7,380 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MMC has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Royal Bank of Canada raised shares of 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. Wells Fargo & Company increased their target price on shares of 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. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Trading Up 0.4 %

Shares of Marsh & McLennan Companies stock opened at $231.13 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day moving average price of $217.63 and a 200 day moving average price of $222.09. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The stock has a market cap of $113.51 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.6 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.41%. 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.