NewEdge Wealth LLC Sells 223 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

NewEdge Wealth LLC trimmed its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,692 shares of the financial services provider’s stock after selling 223 shares during the period. NewEdge Wealth LLC’s holdings in Marsh & McLennan Companies were worth $3,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. lifted its stake in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $31,000. Financial Life Planners bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $36,000. Finally, Albion Financial Group UT bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at about $38,000. 87.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of 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. Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Keefe, Bruyette & Woods dropped their price target on shares of 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. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, Raymond James restated an “outperform” rating and set a $250.00 price objective (up previously 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 assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

MMC opened at $237.78 on Friday. The firm has a 50-day moving average price of $220.47 and a 200-day moving average price of $222.79. The company has a market capitalization of $116.78 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $237.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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 expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.37%. Marsh & McLennan Companies’s dividend 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.