Cumberland Partners Ltd Has $29.46 Million Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cumberland Partners Ltd lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,707 shares of the financial services provider’s stock after selling 776 shares during the quarter. Marsh & McLennan Companies comprises 2.1% of Cumberland Partners Ltd’s portfolio, making the stock its 16th largest holding. Cumberland Partners Ltd’s holdings in Marsh & McLennan Companies were worth $29,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB raised its holdings in Marsh & McLennan Companies by 16.8% in the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after acquiring an additional 19,024 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Marsh & McLennan Companies by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 147,708 shares of the financial services provider’s stock worth $32,952,000 after purchasing an additional 2,068 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 10.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 3,156 shares of the financial services provider’s stock worth $704,000 after purchasing an additional 296 shares during the last quarter. Vicus Capital boosted its stake in Marsh & McLennan Companies by 17.6% during the 3rd quarter. Vicus Capital now owns 1,511 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 226 shares during the period. Finally, Eastern Bank bought a new position in Marsh & McLennan Companies in the 3rd quarter worth approximately $433,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $231.13 on Thursday. The firm has a market cap of $113.51 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.36 and a beta of 0.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $235.50. The company has a 50 day moving average of $217.63 and a 200-day moving average of $222.09.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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%. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.6 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two equities 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. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average price target of $230.44.

About Marsh & McLennan Companies

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.