Fifth Third Wealth Advisors LLC Increases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fifth Third Wealth Advisors LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 36.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,435 shares of the financial services provider’s stock after purchasing an additional 1,708 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $1,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. lifted its holdings in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the third quarter valued at $31,000. Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth $41,000. Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth about $46,000. Finally, Richardson Financial Services Inc. raised its holdings in Marsh & McLennan Companies by 390.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider’s stock valued at $57,000 after buying an additional 215 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMC has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. UBS Group lifted their target price 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. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Wells Fargo & Company dropped their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Finally, Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Trading Down 0.4 %

Shares of NYSE:MMC opened at $212.51 on Thursday. The company has a market cap of $104.37 billion, a PE ratio of 26.17, a P/E/G ratio of 2.59 and a beta of 0.96. The company’s 50 day moving average is $219.17 and its two-hundred day moving average is $221.15. Marsh & McLennan Companies, Inc. has a 52 week low of $188.31 and a 52 week high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Marsh & McLennan Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.53%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Insider Activity at Marsh & McLennan Companies

In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the completion of the transaction, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

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.