Argent Trust Co raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,227 shares of the financial services provider’s stock after purchasing an additional 274 shares during the quarter. Argent Trust Co’s holdings in Marsh & McLennan Companies were worth $971,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Great Diamond Partners LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $28,000. Savior LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $30,000. Fred Alger Management LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. HighMark Wealth Management LLC purchased a new stake in Marsh & McLennan Companies during the 4th quarter valued at $33,000. Finally, Solstein Capital LLC bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $41,000. 87.36% of the stock is owned by institutional investors and hedge funds.
MMC traded down $0.04 during trading on Friday, hitting $104.50. The company’s stock had a trading volume of 1,866,495 shares, compared to its average volume of 3,283,468. The business’s 50 day simple moving average is $96.78 and its 200-day simple moving average is $104.84. The firm has a market cap of $52.91 billion, a PE ratio of 30.03, a P/E/G ratio of 4.91 and a beta of 0.88. Marsh & McLennan Companies, Inc. has a one year low of $74.33 and a one year high of $119.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.51.
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Wednesday, April 8th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, April 7th. Marsh & McLennan Companies’s payout ratio is 39.06%.
Several equities research analysts recently commented on MMC shares. Citigroup dropped their price objective on Marsh & McLennan Companies from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. UBS Group raised shares of Marsh & McLennan Companies to a “buy” rating and set a $120.00 price target on the stock in a report on Tuesday, April 14th. Raymond James decreased their price objective on shares of Marsh & McLennan Companies from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Atlantic Securities upgraded shares of Marsh & McLennan Companies from a “neutral” rating to an “overweight” rating and set a $110.00 price objective on the stock in a research report on Tuesday, May 12th. Finally, Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.50.
About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services.
Featured Story: Hang Seng Index (HSI)
Receive News & Ratings for Marsh & McLennan Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marsh & McLennan Companies and related companies with MarketBeat.com's FREE daily email newsletter.