G&S Capital LLC Sells 256 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

G&S Capital LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,712 shares of the financial services provider’s stock after selling 256 shares during the period. Marsh & McLennan Companies makes up 1.1% of G&S Capital LLC’s portfolio, making the stock its 29th largest holding. G&S Capital LLC’s holdings in Marsh & McLennan Companies were worth $2,700,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Avestar Capital LLC lifted its position in shares of Marsh & McLennan Companies by 7.2% in the fourth quarter. Avestar Capital LLC now owns 2,799 shares of the financial services provider’s stock worth $595,000 after buying an additional 188 shares in the last quarter. Hemington Wealth Management raised 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 in the last quarter. Louisbourg Investments Inc. boosted its position in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after acquiring an additional 3,300 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Marsh & McLennan Companies by 24.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,191 shares of the financial services provider’s stock worth $38,927,000 after purchasing an additional 36,483 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich raised its stake in Marsh & McLennan Companies by 1.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 6,242 shares of the financial services provider’s stock valued at $1,325,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $228.88 on Thursday. The stock has a market cap of $112.41 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The firm has a 50-day moving average of $216.66 and a two-hundred day moving average of $221.83. Marsh & McLennan Companies, Inc. has a 1 year low of $194.94 and a 1 year high of $235.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued 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 1.42%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Barclays raised their price target on 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $230.44.

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.