Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 14.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,588 shares of the financial services provider’s stock after selling 262 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its holdings in Marsh & McLennan Companies by 40.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 4,489 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 1,288 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Marsh & McLennan Companies by 41.8% in the second quarter. EP Wealth Advisors LLC now owns 2,351 shares of the financial services provider’s stock worth $495,000 after buying an additional 693 shares during the last quarter. Advisory Alpha LLC acquired a new stake in Marsh & McLennan Companies during the second quarter worth about $209,000. New Century Financial Group LLC purchased a new position in Marsh & McLennan Companies during the second quarter valued at approximately $203,000. Finally, Sanctuary Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 2nd quarter worth approximately $16,206,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MMC. Bank of America lifted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Jefferies Financial Group upped their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Two equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Stock Performance

MMC opened at $220.80 on Friday. The firm has a market capitalization of $108.44 billion, a PE ratio of 27.19, a PEG ratio of 2.30 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. Marsh & McLennan Companies, Inc. has a twelve month low of $190.41 and a twelve month high of $235.50. The firm’s 50-day moving average price is $217.87 and its 200 day moving average price is $221.39.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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 32.65% and a net margin of 16.82%. As a group, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company 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. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

Marsh & McLennan Companies 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.