Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,707 shares of the financial services provider’s stock after selling 776 shares during the quarter. Marsh & McLennan Companies comprises 2.1% of Cumberland Partners Ltd’s holdings, making the stock its 16th biggest position. Cumberland Partners Ltd’s holdings in Marsh & McLennan Companies were worth $29,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Carmichael Hill & Associates Inc. lifted its position in 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 worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $31,000. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter worth about $36,000. Finally, Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the 4th quarter valued at about $38,000. 87.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMC has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Up 0.4 %

MMC stock opened at $231.13 on Thursday. The company has a 50 day moving average of $217.63 and a two-hundred day moving average of $222.09. 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, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50. The company has a market cap of $113.51 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.36 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.6 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

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.