Hartline Investment Corp Has $2.61 Million Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Hartline Investment Corp reduced its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,265 shares of the financial services provider’s stock after selling 1,498 shares during the period. Hartline Investment Corp’s holdings in Marsh & McLennan Companies were worth $2,605,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMC. Geode Capital Management LLC boosted its position in shares of 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 worth $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Citigroup Inc. boosted its position in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares during the last quarter. Kinsale Capital Group Inc. boosted its position in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after purchasing an additional 3,880 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares during the last quarter. Finally, Waverton Investment Management Ltd boosted its position in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,104,799 shares of the financial services provider’s stock worth $246,475,000 after purchasing an additional 50,167 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $228.03 on Tuesday. The business’s 50 day moving average price is $216.81 and its two-hundred day moving average price is $221.63. The company has a market cap of $111.99 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a twelve month low of $194.94 and a twelve month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. BMO Capital Markets lifted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Raymond James reiterated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two equities research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $230.44.

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.