Hartford Investment Management Co. Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hartford Investment Management Co. trimmed its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,449 shares of the financial services provider’s stock after selling 752 shares during the period. Hartford Investment Management Co.’s holdings in Marsh & McLennan Companies were worth $6,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its stake in Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after acquiring an additional 19,024 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Marsh & McLennan Companies by 98.7% during the third quarter. Exchange Traded Concepts LLC now owns 14,716 shares of the financial services provider’s stock worth $3,283,000 after purchasing an additional 7,308 shares during the last quarter. Grove Bank & Trust lifted its position in Marsh & McLennan Companies by 10.4% during the third quarter. Grove Bank & Trust now owns 1,117 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 105 shares during the period. CX Institutional grew its position in Marsh & McLennan Companies by 18.6% during the 3rd quarter. CX Institutional now owns 29,399 shares of the financial services provider’s stock worth $6,559,000 after purchasing an additional 4,607 shares during the period. Finally, Creative Planning raised its stake in shares of Marsh & McLennan Companies by 6.3% during the 3rd quarter. Creative Planning now owns 98,579 shares of the financial services provider’s stock valued at $21,992,000 after buying an additional 5,857 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MMC. Keefe, Bruyette & Woods reduced their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Barclays upped 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 research report on Thursday, November 21st. Finally, Raymond James restated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Up 0.0 %

Shares of MMC opened at $228.12 on Wednesday. The firm’s fifty day moving average is $216.71 and its two-hundred day moving average is $221.71. The stock has a market cap of $112.04 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 52-week low of $194.94 and a 52-week high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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%. Research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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