Pinnacle Wealth Planning Services Inc. Lowers Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Pinnacle Wealth Planning Services Inc. reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,469 shares of the financial services provider’s stock after selling 1,397 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Marsh & McLennan Companies were worth $949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 in the last quarter. Parnassus Investments LLC boosted its stake in shares of Marsh & McLennan Companies by 2.0% in the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after buying an additional 85,754 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after buying an additional 184,239 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Marsh & McLennan Companies by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,286,899 shares of the financial services provider’s stock valued at $698,170,000 after buying an additional 71,990 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wells Fargo & Company lifted their price target 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. Raymond James restated an “outperform” rating and issued a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Barclays lifted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $237.95 on Thursday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $241.84. The stock has a market cap of $116.86 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The business has a fifty day moving average of $221.95 and a 200-day moving average of $223.18. The company has a quick ratio of 1.13, 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 results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. As a group, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.37%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

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.