Warther Private Wealth LLC Sells 60 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Warther Private Wealth LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.1% during the 4th quarter, Holdings Channel reports. The fund owned 2,740 shares of the financial services provider’s stock after selling 60 shares during the period. Warther Private Wealth LLC’s holdings in Marsh & McLennan Companies were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 45 shares during the period. 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. BSW Wealth Partners grew its holdings in shares of Marsh & McLennan Companies by 5.1% during the third 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 during the last quarter. CENTRAL TRUST Co increased its position in Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 54 shares during the period. Finally, Turtle Creek Wealth Advisors LLC lifted its holdings in Marsh & McLennan Companies by 3.0% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 1,856 shares of the financial services provider’s stock worth $414,000 after buying an additional 54 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Trading Up 0.0 %

Shares of MMC opened at $228.12 on Wednesday. The stock has a market capitalization of $112.04 billion, a PE ratio of 27.85, a P/E/G ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $194.94 and a fifty-two week high of $235.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The company’s fifty day moving average is $216.71 and its 200 day moving average is $221.71.

Marsh & McLennan Companies (NYSE:MMC) last released its 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%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MMC shares. UBS Group upped their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price 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.