Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,673 shares of the financial services provider’s stock after acquiring an additional 205 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AMF Tjanstepension AB raised its stake in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after purchasing an additional 19,024 shares in the last quarter. Creative Planning raised its stake in shares of Marsh & McLennan Companies by 6.3% in the 3rd quarter. Creative Planning now owns 98,579 shares of the financial services provider’s stock valued at $21,992,000 after purchasing an additional 5,857 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of Marsh & McLennan Companies by 14.4% in the 3rd quarter. Trust Co. of Vermont now owns 437 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 55 shares in the last quarter. Claro Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at about $191,000. Finally, Aaron Wealth Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 6.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,925 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MMC shares. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays increased their price objective on shares of 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. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Finally, BMO Capital Markets increased their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Two investment 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 MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Down 0.9 %

Marsh & McLennan Companies stock opened at $228.95 on Friday. The firm has a 50 day simple moving average of $216.79 and a 200-day simple moving average of $221.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The stock has a market capitalization of $112.44 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Marsh & McLennan Companies Company 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.