National Pension Service Lowers Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

National Pension Service cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 933,501 shares of the financial services provider’s stock after selling 12,361 shares during the quarter. National Pension Service owned 0.19% of Marsh & McLennan Companies worth $198,285,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MMC. AMF Tjanstepension AB raised its holdings in Marsh & McLennan Companies by 16.8% during the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after purchasing an additional 19,024 shares in the last quarter. Arkadios Wealth Advisors increased its position in Marsh & McLennan Companies by 4.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,752 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 114 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Marsh & McLennan Companies by 14.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 178,967 shares of the financial services provider’s stock valued at $39,926,000 after buying an additional 22,705 shares during the period. Strategic Wealth Investment Group LLC boosted its stake in shares of Marsh & McLennan Companies by 73.0% in the third quarter. Strategic Wealth Investment Group LLC now owns 59,753 shares of the financial services provider’s stock valued at $13,312,000 after buying an additional 25,211 shares in the last quarter. Finally, abrdn plc grew its holdings in Marsh & McLennan Companies by 3.1% during the third quarter. abrdn plc now owns 665,006 shares of the financial services provider’s stock worth $148,439,000 after acquiring an additional 19,985 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MMC has been the topic of several research analyst reports. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Barclays upped their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods reduced their price target 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. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $233.99 on Wednesday. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50. The firm’s 50-day moving average is $219.03 and its two-hundred day moving average is $222.50. The stock has a market capitalization of $114.92 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.70 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 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.39%. Marsh & McLennan Companies’s payout ratio is 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.