Opus Capital Group LLC Sells 413 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Opus Capital Group LLC cut its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,878 shares of the financial services provider’s stock after selling 413 shares during the period. Opus Capital Group LLC’s holdings in Marsh & McLennan Companies were worth $399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. boosted its stake 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 buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at approximately $31,000. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $36,000. Finally, Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $38,000. 87.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MMC has been the subject of several analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. BMO Capital Markets raised their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Trading Down 0.9 %

MMC opened at $228.95 on Monday. The stock’s fifty day moving average is $216.79 and its two-hundred day moving average is $221.96. The company has a market capitalization of $112.44 billion, a P/E ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $235.50. 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 (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is presently 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.