Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,758 shares of the financial services provider’s stock after selling 222 shares during the period. Quotient Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $798,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MMC. Assenagon Asset Management S.A. grew its stake in Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. FMR LLC boosted its position in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Marsh & McLennan Companies by 127.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after buying an additional 504,897 shares during the period. International Assets Investment Management LLC raised its position in Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after buying an additional 426,425 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after acquiring an additional 363,569 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on MMC. UBS Group upped their price target on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Roth Mkm raised their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Raymond James reissued an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday. Finally, Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 0.6 %

Shares of Marsh & McLennan Companies stock opened at $227.45 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $194.50 and a 1-year high of $235.50. The stock has a market cap of $111.71 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.35 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $216.81 and its 200-day simple moving average is $221.58.

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 analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company 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 of this dividend 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 (DPR) is 39.80%.

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.