Tobam Has $148,000 Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Tobam lowered its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.9% during the fourth quarter, Holdings Channel reports. The firm owned 695 shares of the financial services provider’s stock after selling 184 shares during the period. Tobam’s holdings in Marsh & McLennan Companies were worth $148,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC lifted its position 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 worth $4,784,190,000 after buying an additional 518,185 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Parnassus Investments LLC boosted its position in Marsh & McLennan Companies by 2.0% during the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after purchasing an additional 85,754 shares during the period. 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 valued at $892,309,000 after purchasing an additional 184,239 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock worth $603,205,000 after buying an additional 30,367 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Roth Mkm upped their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, BMO Capital Markets raised their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Price Performance

Shares of Marsh & McLennan Companies stock opened at $227.45 on Friday. Marsh & McLennan Companies, Inc. has a twelve month low of $194.50 and a twelve month high of $235.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The firm has a market cap of $111.71 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The firm’s 50-day simple moving average is $216.93 and its 200-day simple moving average is $221.52.

Marsh & McLennan Companies (NYSE:MMC) last issued its 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 return on equity of 32.60% and a net margin of 16.60%. As a group, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is 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.