Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,661 shares of the financial services provider’s stock after selling 232 shares during the quarter. Personal CFO Solutions LLC’s holdings in Marsh & McLennan Companies were worth $778,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Impax Asset Management Group plc increased its stake in Marsh & McLennan Companies by 5.6% during the third quarter. Impax Asset Management Group plc now owns 1,812,150 shares of the financial services provider’s stock valued at $403,200,000 after purchasing an additional 95,540 shares during the last quarter. Summit Global Investments grew its position in shares of Marsh & McLennan Companies by 15.7% during the 3rd quarter. Summit Global Investments now owns 1,535 shares of the financial services provider’s stock valued at $342,000 after buying an additional 208 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Marsh & McLennan Companies in the third quarter worth about $41,000. CWA Asset Management Group LLC bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $720,000. Finally, Verdence Capital Advisors LLC boosted its position in Marsh & McLennan Companies by 21.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,245 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MMC. Wells Fargo & Company raised their target price 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. 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 report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Raymond James restated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of NYSE:MMC opened at $235.40 on Monday. The firm has a 50 day simple moving average of $222.83 and a 200 day simple moving average of $223.35. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84. The company has a market cap of $115.61 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid 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 yield of 1.38%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 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.