Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,697 shares of the financial services provider’s stock after selling 55 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Marsh & McLennan Companies were worth $2,909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in Marsh & McLennan Companies during the third quarter worth about $258,000. Impax Asset Management Group plc boosted its holdings in shares of Marsh & McLennan Companies by 5.6% in the third quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock valued at $403,200,000 after acquiring an additional 95,540 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $31,000. Marks Group Wealth Management Inc raised its stake in shares of Marsh & McLennan Companies by 0.4% during the third quarter. Marks Group Wealth Management Inc now owns 38,153 shares of the financial services provider’s stock worth $8,512,000 after purchasing an additional 136 shares during the last quarter. Finally, Catalina Capital Group LLC raised its position in Marsh & McLennan Companies by 5.2% in the third quarter. Catalina Capital Group LLC now owns 2,260 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.5 %

NYSE MMC opened at $237.95 on Thursday. The business has a fifty day moving average price of $221.95 and a two-hundred day moving average price of $223.18. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The stock has a market capitalization of $116.86 billion, a PE ratio of 29.05, a PEG ratio of 2.70 and a beta of 0.96.

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, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared 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 1.37%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Wall Street Analyst Weigh In

MMC has been the subject of a number of research analyst reports. Evercore ISI restated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reduced their price objective on 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. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Raymond James restated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two equities 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 stock. Based on data from MarketBeat, Marsh & McLennan Companies 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.