Mission Wealth Management LP Lowers Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mission Wealth Management LP cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,710 shares of the financial services provider’s stock after selling 621 shares during the period. Mission Wealth Management LP’s holdings in Marsh & McLennan Companies were worth $1,638,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies in the 3rd quarter worth $31,000. Financial Life Planners purchased a new stake in Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $36,000. Finally, Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MMC. Keefe, Bruyette & Woods lowered 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 report on Monday, February 3rd. 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. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Up 0.7 %

MMC stock opened at $239.53 on Tuesday. The business has a 50 day moving average of $221.02 and a 200 day moving average of $222.97. The firm has a market cap of $117.64 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $239.81. 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 issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.36%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 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.