Genesee Capital Advisors LLC Has $742,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Genesee Capital Advisors LLC decreased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,494 shares of the financial services provider’s stock after selling 77 shares during the period. Genesee Capital Advisors LLC’s holdings in Marsh & McLennan Companies were worth $742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC grew its holdings in shares of Marsh & McLennan Companies by 18.8% during the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 45 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 47 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Marsh & McLennan Companies by 2.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 52 shares during the last quarter. BSW Wealth Partners increased its holdings in Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 53 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Marsh & McLennan Companies by 3.5% during the third quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 54 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on MMC shares. Jefferies Financial Group lifted their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays boosted their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a research note on Friday, January 10th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. 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’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $220.84 on Wednesday. Marsh & McLennan Companies, Inc. has a twelve month low of $189.90 and a twelve month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock has a market cap of $108.46 billion, a P/E ratio of 27.20, a PEG ratio of 2.27 and a beta of 0.96. The business’s 50-day moving average price is $218.00 and its two-hundred day moving average price is $221.40.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Marsh & McLennan Companies 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.