Advisors Preferred LLC Sells 528 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Advisors Preferred LLC cut its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 21.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,964 shares of the financial services provider’s stock after selling 528 shares during the period. Advisors Preferred LLC’s holdings in Marsh & McLennan Companies were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kingsview Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 0.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 15,021 shares of the financial services provider’s stock worth $3,191,000 after buying an additional 94 shares during the period. Apollon Wealth Management LLC lifted its holdings in Marsh & McLennan Companies by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 63,843 shares of the financial services provider’s stock worth $13,561,000 after buying an additional 1,573 shares during the period. Conning Inc. lifted its holdings in shares of Marsh & McLennan Companies by 1.8% during the fourth quarter. Conning Inc. now owns 20,947 shares of the financial services provider’s stock valued at $4,449,000 after purchasing an additional 369 shares during the last quarter. Triasima Portfolio Management inc. lifted its holdings in shares of Marsh & McLennan Companies by 23.6% during the fourth quarter. Triasima Portfolio Management inc. now owns 25,333 shares of the financial services provider’s stock valued at $5,381,000 after purchasing an additional 4,837 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.6 %

MMC opened at $227.45 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $194.50 and a fifty-two week high of $235.50. The firm’s fifty day moving average is $216.81 and its 200 day moving average is $221.58. The stock has a market cap of $111.71 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday. Keefe, Bruyette & Woods cut their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.