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

Fidelis Capital Partners LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 6,185 shares of the financial services provider’s stock after selling 574 shares during the period. Fidelis Capital Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MMC. Chicago Partners Investment Group LLC purchased a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at approximately $258,000. Carmichael Hill & Associates Inc. boosted its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 60 shares during the period. Van ECK Associates Corp boosted its position in shares of Marsh & McLennan Companies by 9.1% during the 3rd quarter. Van ECK Associates Corp now owns 107,814 shares of the financial services provider’s stock worth $24,095,000 after purchasing an additional 8,976 shares during the period. Angeles Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies by 4.3% during the 3rd quarter. Angeles Wealth Management LLC now owns 1,586 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 65 shares during the period. Finally, BSW Wealth Partners boosted its position 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 purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of NYSE:MMC opened at $239.53 on Tuesday. The company has a market cap of $117.64 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $239.81. The firm’s 50-day simple moving average is $221.02 and its 200-day simple moving average is $222.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Ratings Changes

A number of research firms recently weighed in on MMC. Keefe, Bruyette & Woods lowered their price objective 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. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reissued an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price target 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.