NorthStar Asset Management LLC NJ Has $1.22 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

NorthStar Asset Management LLC NJ lifted its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,759 shares of the financial services provider’s stock after buying an additional 613 shares during the period. Marsh & McLennan Companies comprises 0.4% of NorthStar Asset Management LLC NJ’s portfolio, making the stock its 27th biggest holding. NorthStar Asset Management LLC NJ’s holdings in Marsh & McLennan Companies were worth $1,223,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Marsh & McLennan Companies by 7.1% during the 2nd quarter. Creative Planning now owns 92,722 shares of the financial services provider’s stock valued at $19,538,000 after acquiring an additional 6,166 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Marsh & McLennan Companies by 29.0% during the second quarter. NewEdge Advisors LLC now owns 31,492 shares of the financial services provider’s stock worth $6,636,000 after purchasing an additional 7,075 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Marsh & McLennan Companies by 40.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 4,489 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 1,288 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 41.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,351 shares of the financial services provider’s stock worth $495,000 after buying an additional 693 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of Marsh & McLennan Companies by 93.9% during the 2nd quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock worth $160,563,000 after buying an additional 368,970 shares during the period. 87.99% of the stock is owned by institutional investors and hedge funds.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $220.84 on Wednesday. The stock has a market cap of $108.46 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $189.90 and a 12-month high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The business’s 50-day simple moving average is $218.00 and its 200 day simple moving average is $221.40.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. Marsh & McLennan Companies’s payout ratio is presently 40.15%.

Analyst Upgrades and Downgrades

MMC has been the subject of several recent analyst reports. Roth Mkm increased their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Wells Fargo & Company cut their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $228.60.

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.