Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,449 shares of the financial services provider’s stock after selling 752 shares during the period. Hartford Investment Management Co.’s holdings in Marsh & McLennan Companies were worth $6,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. raised 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 valued at $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Albion Financial Group UT purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $41,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MMC. JPMorgan Chase & Co. upped their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. BMO Capital Markets raised their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods cut their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group set a $220.00 target price on Marsh & McLennan Companies and gave the company a “sell” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $228.12 on Wednesday. The firm has a market capitalization of $112.04 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.35 and a beta of 0.96. The firm’s fifty day simple moving average is $216.71 and its 200-day simple moving average is $221.71. Marsh & McLennan Companies, Inc. has a twelve month low of $194.94 and a twelve month high of $235.50. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44.

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

Marsh & McLennan Companies Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio is currently 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.