Quotient Wealth Partners LLC Cuts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Quotient Wealth Partners LLC cut its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,758 shares of the financial services provider’s stock after selling 222 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Marsh & McLennan Companies were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB lifted its position in shares of Marsh & McLennan Companies by 16.8% during the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after purchasing an additional 19,024 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings 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 buying an additional 52 shares in the last quarter. CWM LLC grew its stake in shares of Marsh & McLennan Companies by 2.4% in the third quarter. CWM LLC now owns 22,050 shares of the financial services provider’s stock worth $4,919,000 after acquiring an additional 523 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its stake in shares of Marsh & McLennan Companies by 3.6% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 3,189 shares of the financial services provider’s stock valued at $711,000 after acquiring an additional 110 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Marsh & McLennan Companies by 263.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,434 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 2,489 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. UBS Group lifted their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Roth Mkm raised their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $227.45 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The stock has a market capitalization of $111.71 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The business has a 50 day simple moving average of $216.81 and a 200-day simple moving average of $221.58. Marsh & McLennan Companies, Inc. has a 12 month low of $194.50 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business 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. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

About Marsh & McLennan Companies

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.