Eads & Heald Wealth Management Cuts Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Eads & Heald Wealth Management reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,425 shares of the financial services provider’s stock after selling 100 shares during the quarter. Eads & Heald Wealth Management’s holdings in Marsh & McLennan Companies were worth $515,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Genesis Private Wealth LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $259,000. Simon Quick Advisors LLC grew its position in Marsh & McLennan Companies by 8.5% in the fourth quarter. Simon Quick Advisors LLC now owns 2,238 shares of the financial services provider’s stock valued at $475,000 after acquiring an additional 175 shares in the last quarter. Mogy Joel R Investment Counsel Inc. raised its stake in shares of Marsh & McLennan Companies by 36.7% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 9,910 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 2,662 shares during the period. Segment Wealth Management LLC lifted its position in shares of Marsh & McLennan Companies by 0.6% during the fourth quarter. Segment Wealth Management LLC now owns 79,706 shares of the financial services provider’s stock worth $16,930,000 after purchasing an additional 437 shares in the last quarter. Finally, Reliant Investment Management LLC boosted its stake in shares of Marsh & McLennan Companies by 5.6% in the fourth quarter. Reliant Investment Management LLC now owns 24,939 shares of the financial services provider’s stock valued at $5,297,000 after purchasing an additional 1,320 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Oscar Fanjul sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the sale, the director now owns 48,549 shares of the company’s stock, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $218.21 on Wednesday. The company has a market cap of $107.17 billion, a PE ratio of 26.87, a P/E/G ratio of 2.25 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $188.31 and a fifty-two week high of $235.50. The firm has a 50-day simple moving average of $218.45 and a 200 day simple moving average of $221.23. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders 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 1.49%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 40.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America boosted their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Roth Mkm lifted their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $228.60.

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.