Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Destination Wealth Management

Destination Wealth Management lifted its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,282 shares of the financial services provider’s stock after purchasing an additional 123 shares during the period. Destination Wealth Management’s holdings in Marsh & McLennan Companies were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Marsh & McLennan Companies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after buying an additional 251,361 shares during the period. Louisbourg Investments Inc. raised its position in Marsh & McLennan Companies by 67.2% during the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after acquiring an additional 3,300 shares during the period. Citigroup Inc. lifted its holdings in Marsh & McLennan Companies by 4.8% during the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. grew its position in shares of Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.4 %

MMC opened at $235.40 on Friday. The business’s 50 day moving average price is $222.83 and its 200 day moving average price is $223.36. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $115.61 billion, a PE ratio of 28.74, a P/E/G ratio of 2.70 and a beta of 0.95. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly 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%. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

Wall Street Analyst Weigh In

MMC has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company boosted their price target on 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. 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. Raymond James reaffirmed an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target 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.