Perigon Wealth Management LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 12.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,598 shares of the financial services provider’s stock after acquiring an additional 1,182 shares during the quarter. Perigon Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $2,292,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares during the period. Geode Capital Management LLC lifted its stake in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after buying an additional 251,361 shares during the period. Parnassus Investments LLC raised its position in shares of Marsh & McLennan Companies by 2.0% during the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after purchasing an additional 85,754 shares during the period. JPMorgan Chase & Co. raised its position in shares of Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after purchasing an additional 184,239 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Marsh & McLennan Companies by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock worth $603,205,000 after purchasing an additional 30,367 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Barclays upped their target price 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. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. UBS Group upped their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has an average rating of “Hold” and a consensus target price of $228.60.
Marsh & McLennan Companies Stock Down 0.7 %
Shares of NYSE:MMC opened at $219.32 on Thursday. The company has a market capitalization of $107.71 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $218.01 and a two-hundred day moving average price of $221.41. Marsh & McLennan Companies, Inc. has a 1 year low of $190.41 and a 1 year high of $235.50.
Marsh & McLennan Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.
About Marsh & McLennan Companies
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.
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