NewEdge Wealth LLC Sells 223 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

NewEdge Wealth LLC cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,692 shares of the financial services provider’s stock after selling 223 shares during the quarter. NewEdge Wealth LLC’s holdings in Marsh & McLennan Companies were worth $3,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. Geneos Wealth Management Inc. grew its position in shares of Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 48 shares during the period. New England Professional Planning Group Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 50 shares during the period. TFB Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 2.0% during the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 51 shares during the period. Finally, BSW Wealth Partners lifted its holdings in shares of Marsh & McLennan Companies by 5.1% during the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 53 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Up 1.4 %

MMC opened at $237.78 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $237.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average of $220.47 and a 200-day moving average of $222.79. The stock has a market cap of $116.78 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data 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 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 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

Several equities analysts recently commented on MMC shares. Barclays increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Company 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.