Marsh & McLennan Companies, Inc. (NYSE:MMC) Stock Holdings Boosted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,694 shares of the financial services provider’s stock after buying an additional 801 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Marsh & McLennan Companies were worth $997,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Citizens Financial Group Inc. RI boosted its position in shares of Marsh & McLennan Companies by 17.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 7,494 shares of the financial services provider’s stock valued at $1,579,000 after purchasing an additional 1,123 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its holdings in Marsh & McLennan Companies by 4.8% during the second quarter. SYSTM Wealth Solutions LLC now owns 33,585 shares of the financial services provider’s stock worth $7,077,000 after buying an additional 1,531 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Marsh & McLennan Companies by 4.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 47,729 shares of the financial services provider’s stock worth $10,057,000 after buying an additional 2,103 shares during the last quarter. Argent Trust Co increased its holdings in shares of Marsh & McLennan Companies by 1.6% in the second quarter. Argent Trust Co now owns 19,402 shares of the financial services provider’s stock valued at $4,088,000 after buying an additional 313 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Marsh & McLennan Companies by 18.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,840 shares of the financial services provider’s stock worth $2,284,000 after acquiring an additional 1,718 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Oscar Fanjul sold 2,500 shares of Marsh & McLennan Companies stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total value of $553,875.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of Marsh & McLennan Companies stock opened at $212.51 on Thursday. The firm has a market cap of $104.37 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.59 and a beta of 0.96. The stock has a 50-day simple moving average of $219.17 and a 200-day simple moving average of $221.15. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.53%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MMC. Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. UBS Group lifted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, 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 report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has a consensus rating of “Hold” and an average price target 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.