Sawgrass Asset Management LLC Has $8.90 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Sawgrass Asset Management LLC trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,912 shares of the financial services provider’s stock after selling 2,537 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $8,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Carmichael Hill & Associates Inc. boosted its position in shares of 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 stake in Marsh & McLennan Companies during the third quarter worth $31,000. Financial Life Planners bought a new stake in Marsh & McLennan Companies during the fourth quarter worth $33,000. Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $38,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $41,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Barclays boosted their price objective 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. Raymond James restated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Up 0.4 %

Shares of NYSE:MMC opened at $228.88 on Thursday. Marsh & McLennan Companies, Inc. has a 52-week low of $194.94 and a 52-week high of $235.50. The firm has a market capitalization of $112.41 billion, a P/E ratio of 27.95, a P/E/G ratio of 2.35 and a beta of 0.96. The stock has a 50 day moving average price of $216.67 and a 200-day moving average price of $221.78. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is 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.