Exencial Wealth Advisors LLC Sells 1,211 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Exencial Wealth Advisors LLC reduced its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,179 shares of the financial services provider’s stock after selling 1,211 shares during the period. Exencial Wealth Advisors LLC’s holdings in Marsh & McLennan Companies were worth $5,986,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Modera Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 2.5% in the fourth quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 46 shares during the period. Geneos Wealth Management Inc. boosted 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 during the period. Hemington Wealth Management boosted 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 during the period. New England Professional Planning Group Inc. boosted its stake in Marsh & McLennan Companies by 4.1% during the fourth quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock valued at $268,000 after buying an additional 50 shares during the period. Finally, TFB Advisors LLC boosted its stake in Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after buying an additional 51 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 1.2 %

MMC opened at $236.69 on Wednesday. The company has a market cap of $116.24 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.70 and a beta of 0.96. The business’s 50-day moving average price is $221.47 and its 200-day moving average price is $223.08. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last posted its 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 return on equity of 32.60% and a net margin of 16.60%. On average, equities analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.38%. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods lowered their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company raised their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Raymond James restated an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $230.44.

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.