Financiere des Professionnels Fonds d investissement inc. Lowers Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Financiere des Professionnels Fonds d investissement inc. decreased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,142 shares of the financial services provider’s stock after selling 394 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Marsh & McLennan Companies were worth $4,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fortitude Family Office LLC increased its position in Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the period. Geneos Wealth Management Inc. increased its position 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 worth $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management increased its position in Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 48 shares during the period. TFB Advisors LLC increased its position in Marsh & McLennan Companies by 2.0% during the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 51 shares during the period. Finally, BSW Wealth Partners increased its position in 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 period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.9 %

Shares of Marsh & McLennan Companies stock opened at $228.95 on Monday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50. The firm has a market cap of $112.44 billion, a PE ratio of 27.95, a P/E/G ratio of 2.35 and a beta of 0.96. The business’s fifty day moving average is $216.79 and its two-hundred day moving average is $221.96. 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 (NYSE:MMC) last issued 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%. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

MMC has been the topic of a number of research reports. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Raymond James restated an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Evercore ISI restated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock 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.