Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,255 shares of the financial services provider's stock after selling 3,994 shares during the quarter. Hantz Financial Services Inc.'s holdings in Marsh & McLennan Companies were worth $2,815,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Carmichael Hill & Associates Inc. grew 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 acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Albion Financial Group UT purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth $38,000. Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies in the 3rd quarter worth $41,000. Finally, Bangor Savings Bank acquired a new stake in shares of Marsh & McLennan Companies during the third quarter valued at about $46,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE:MMC traded down $3.94 during midday trading on Friday, reaching $216.90. 2,345,986 shares of the company traded hands, compared to its average volume of 2,082,929. Marsh & McLennan Companies, Inc. has a twelve month low of $190.41 and a twelve month high of $235.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average price of $217.87 and a 200 day moving average price of $221.39. The firm has a market capitalization of $106.52 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.50%. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

Analysts Set New Price Targets

Several research analysts recently commented on MMC shares. Roth Mkm boosted their price target 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. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday. BMO Capital Markets upped their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Evercore ISI reissued an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, UBS Group upped their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus target price of $229.40.

About Marsh & McLennan Companies

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.