Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,255 shares of the financial services provider’s stock after selling 3,994 shares during the quarter. Hantz Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $2,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MMC. FMR LLC raised its position in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the period. Geode Capital Management LLC raised its position in Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Marsh & McLennan Companies by 2.0% in the 3rd quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock valued at $953,683,000 after buying an additional 85,754 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after buying an additional 184,239 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Marsh & McLennan Companies by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock valued at $603,205,000 after acquiring an additional 30,367 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MMC. The Goldman Sachs Group set a $220.00 price objective on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Bank of America lifted their price target on 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 cut their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, Barclays boosted 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Trading Up 0.7 %

NYSE:MMC opened at $220.80 on Friday. Marsh & McLennan Companies, Inc. has a 12-month low of $190.41 and a 12-month high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The stock’s 50 day simple moving average is $217.95 and its 200-day simple moving average is $221.40. The firm has a market cap of $108.44 billion, a P/E ratio of 27.19, a PEG ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. Marsh & McLennan Companies’s dividend payout ratio is currently 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.