Yousif Capital Management LLC reduced its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,497 shares of the financial services provider’s stock after selling 1,725 shares during the quarter. Yousif Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $14,549,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. lifted its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $31,000. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $33,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Finally, Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $41,000. 87.99% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MMC. BMO Capital Markets boosted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. UBS Group raised their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Finally, Barclays boosted their price objective 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $229.13.
Marsh & McLennan Companies Stock Performance
NYSE MMC opened at $222.99 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The company has a market capitalization of $109.51 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $191.87 and a 52-week high of $235.50. The company has a 50-day simple moving average of $217.42 and a 200 day simple moving average of $221.42.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS 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%. On average, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current year.
Marsh & McLennan Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) 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.
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