Prossimo Advisors LLC Has $406,000 Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Prossimo Advisors LLC boosted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,910 shares of the financial services provider’s stock after purchasing an additional 83 shares during the period. Prossimo Advisors LLC’s holdings in Marsh & McLennan Companies were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in Marsh & McLennan Companies by 16.8% during the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after acquiring an additional 19,024 shares in the last quarter. New Century Financial Group LLC raised its stake in shares of Marsh & McLennan Companies by 8.5% during the 3rd quarter. New Century Financial Group LLC now owns 1,045 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 82 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Marsh & McLennan Companies by 1.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 147,708 shares of the financial services provider’s stock valued at $32,952,000 after buying an additional 2,068 shares during the last quarter. Evernest Financial Advisors LLC raised its position in Marsh & McLennan Companies by 7.6% during the third quarter. Evernest Financial Advisors LLC now owns 2,231 shares of the financial services provider’s stock worth $498,000 after acquiring an additional 158 shares in the last quarter. Finally, Ledyard National Bank lifted its stake in Marsh & McLennan Companies by 10.9% in the third quarter. Ledyard National Bank now owns 3,881 shares of the financial services provider’s stock valued at $866,000 after acquiring an additional 380 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.5 %

Shares of NYSE:MMC opened at $230.04 on Wednesday. The company has a market capitalization of $112.98 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day simple moving average is $217.29 and its 200 day simple moving average is $222.03. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS 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%. On average, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.6 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company 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 lifted their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Barclays increased their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $230.44.

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.