Mission Wealth Management LP Has $1.64 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Mission Wealth Management LP reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,710 shares of the financial services provider’s stock after selling 621 shares during the period. Mission Wealth Management LP’s holdings in Marsh & McLennan Companies were worth $1,638,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. FMR LLC lifted its stake in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares in the last quarter. Geode Capital Management LLC lifted its position in Marsh & McLennan Companies by 2.2% in the 3rd 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 acquiring an additional 251,361 shares in the last quarter. Parnassus Investments LLC boosted its stake in Marsh & McLennan Companies by 2.0% during the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after purchasing an additional 85,754 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Marsh & McLennan Companies by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 3,286,899 shares of the financial services provider’s stock worth $698,170,000 after acquiring an additional 71,990 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada upgraded 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 note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target 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. Barclays increased their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Raymond James restated an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Two research 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 MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $239.53 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $239.81. The firm has a market capitalization of $117.64 billion, a P/E ratio of 29.25, a PEG ratio of 2.70 and a beta of 0.96. The business has a fifty day moving average price of $221.02 and a 200-day moving average price of $222.97.

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

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s 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.