Ferguson Wellman Capital Management Inc. Sells 48 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ferguson Wellman Capital Management Inc. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,161 shares of the financial services provider’s stock after selling 48 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $1,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Savant Capital LLC increased its stake in Marsh & McLennan Companies by 3.5% during the 4th quarter. Savant Capital LLC now owns 9,051 shares of the financial services provider’s stock valued at $1,922,000 after purchasing an additional 310 shares in the last quarter. Harbour Trust & Investment Management Co grew its stake in shares of Marsh & McLennan Companies by 1.4% in the 4th quarter. Harbour Trust & Investment Management Co now owns 61,170 shares of the financial services provider’s stock worth $12,993,000 after acquiring an additional 874 shares in the last quarter. Stiles Financial Services Inc grew its stake in shares of Marsh & McLennan Companies by 6.4% in the 4th quarter. Stiles Financial Services Inc now owns 1,367 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 82 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Marsh & McLennan Companies by 9.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 10,999 shares of the financial services provider’s stock worth $2,336,000 after acquiring an additional 937 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in shares of Marsh & McLennan Companies by 275.2% in the 4th quarter. Entropy Technologies LP now owns 14,278 shares of the financial services provider’s stock worth $3,033,000 after acquiring an additional 10,473 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MMC. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. 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 report on Thursday, February 6th. Finally, Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Up 0.3 %

Shares of Marsh & McLennan Companies stock opened at $228.03 on Tuesday. Marsh & McLennan Companies, Inc. has a 12-month low of $194.94 and a 12-month high of $235.50. The company has a market cap of $111.99 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.35 and a beta of 0.96. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The company’s 50-day moving average price is $216.81 and its 200-day moving average price is $221.63.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio 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.