Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Parcion Private Wealth LLC

Parcion Private Wealth LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,938 shares of the financial services provider’s stock after acquiring an additional 521 shares during the quarter. Parcion Private Wealth LLC’s holdings in Marsh & McLennan Companies were worth $5,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MMC. Fortitude Family Office LLC lifted its stake in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock valued at $64,000 after buying an additional 45 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Marsh & McLennan Companies by 3.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after buying an additional 47 shares in the last quarter. Hemington Wealth Management lifted its stake in Marsh & McLennan Companies by 6.7% during the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after buying an additional 48 shares in the last quarter. TFB Advisors LLC increased its holdings in shares of Marsh & McLennan Companies by 2.0% in the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 51 shares during the period. Finally, BSW Wealth Partners increased its holdings in shares of Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 53 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on MMC. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Evercore ISI restated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Royal Bank of Canada upgraded 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 report on Thursday, December 12th. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Up 0.4 %

MMC opened at $231.13 on Thursday. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $235.50. 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 stock has a market capitalization of $113.51 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 2.37 and a beta of 0.96. The business has a 50 day moving average of $217.63 and a 200-day moving average of $222.09.

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 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 anticipate that Marsh & McLennan Companies, Inc. will post 9.62 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 39.80%.

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.