Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt cut its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,334 shares of the financial services provider’s stock after selling 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Marsh & McLennan Companies were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after buying an additional 45 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 47 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 52 shares during the last quarter. BSW Wealth Partners boosted its holdings in shares of Marsh & McLennan Companies by 5.1% during the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 53 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of Marsh & McLennan Companies by 3.5% in the third quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of recent research reports. Barclays raised their target price on 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. Raymond James reiterated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday. Keefe, Bruyette & Woods reduced their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $227.45 on Friday. The company’s 50 day moving average is $216.93 and its two-hundred day moving average is $221.52. The firm has a market cap of $111.71 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 52-week low of $194.50 and a 52-week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) 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, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

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.