Private Advisor Group LLC Sells 1,421 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Private Advisor Group LLC decreased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,662 shares of the financial services provider’s stock after selling 1,421 shares during the period. Private Advisor Group LLC’s holdings in Marsh & McLennan Companies were worth $2,689,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Carmichael Hill & Associates Inc. raised its holdings in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Finally, Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $38,000. Institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MMC shares. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their price target on shares of 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, Raymond James reissued an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Price Performance

MMC stock opened at $232.63 on Tuesday. The firm has a 50 day moving average of $218.61 and a 200-day moving average of $222.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $114.25 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted 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 return on equity of 32.60% and a net margin of 16.60%. As a group, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.40%. Marsh & McLennan Companies’s payout ratio is 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.