Gries Financial LLC Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Gries Financial LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,674 shares of the financial services provider’s stock after acquiring an additional 504 shares during the period. Gries Financial LLC’s holdings in Marsh & McLennan Companies were worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Carmichael Hill & Associates Inc. increased its holdings in 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 worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth about $31,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth about $38,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies during the third quarter worth approximately $41,000. Finally, Bangor Savings Bank purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.7 %

Shares of Marsh & McLennan Companies stock opened at $219.32 on Thursday. The business has a 50 day moving average price of $218.01 and a 200 day moving average price of $221.41. The company has a market capitalization of $107.71 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $190.41 and a 1 year high of $235.50.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 40.15%.

Analyst Ratings Changes

MMC has been the subject of several research reports. BMO Capital Markets boosted their target price 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. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised their price target on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Finally, Barclays boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $228.60.

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.