Marks Group Wealth Management Inc Sells 1,026 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Marks Group Wealth Management Inc reduced its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,127 shares of the financial services provider’s stock after selling 1,026 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Marsh & McLennan Companies were worth $7,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. grew its holdings in Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Financial Life Planners purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth about $33,000. Albion Financial Group UT bought a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Finally, Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies during the third quarter valued at about $41,000. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MMC shares. JPMorgan Chase & Co. boosted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Barclays raised their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods dropped their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

MMC stock opened at $228.12 on Wednesday. The firm has a 50 day simple moving average of $216.71 and a two-hundred day simple moving average of $221.71. The stock has a market cap of $112.04 billion, a PE ratio of 27.85, a P/E/G ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $194.94 and a one year high of $235.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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%. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio 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.