Kestra Private Wealth Services LLC Increases Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kestra Private Wealth Services LLC raised its position in Marsh & McLennan Companies, Inc. (NYSE:MMCFree Report) by 9.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,999 shares of the financial services provider’s stock after purchasing an additional 937 shares during the period. Kestra Private Wealth Services LLC’s holdings in Marsh & McLennan Companies were worth $2,336,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Carmichael Hill & Associates Inc. raised its holdings in Marsh & McLennan Companies by 85.7% in 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 shares of Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Financial Life Planners acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $33,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at approximately $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $228.12 on Wednesday. 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 stock has a market cap of $112.04 billion, a P/E ratio of 27.85, a PEG ratio of 2.35 and a beta of 0.96. The company has a 50-day moving average price of $216.71 and a 200 day moving average price of $221.71. Marsh & McLennan Companies, Inc. has a 12-month low of $194.94 and a 12-month high of $235.50.

Marsh & McLennan Companies (NYSE:MMCGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group increased their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. 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, the stock currently has an average rating of “Hold” and a consensus target price of $230.44.

View Our Latest Research Report on Marsh & McLennan Companies

About Marsh & McLennan Companies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marsh & McLennan Companies (NYSE:MMC)

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