Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 24.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,191 shares of the financial services provider's stock after buying an additional 36,483 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Marsh & McLennan Companies were worth $38,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 45 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after buying an additional 47 shares in the last quarter. TFB Advisors LLC grew its position in shares of Marsh & McLennan Companies by 2.0% during the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock worth $547,000 after buying an additional 51 shares in the last quarter. BSW Wealth Partners grew its position in shares of Marsh & McLennan Companies by 5.1% during the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock worth $242,000 after buying an additional 53 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Marsh & McLennan Companies by 3.5% during the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider's stock worth $356,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MMC. Evercore ISI reissued an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. UBS Group upped their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock traded up $1.64 during mid-day trading on Tuesday, reaching $230.47. The stock had a trading volume of 406,124 shares, compared to its average volume of 2,133,479. The business's fifty day moving average is $217.00 and its 200-day moving average is $221.99. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The firm has a market cap of $113.19 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio 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.