Amundi Grows Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Amundi boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 81.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,072,976 shares of the financial services provider's stock after buying an additional 1,823,807 shares during the period. Amundi owned 0.83% of Marsh & McLennan Companies worth $860,824,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Financial Life Planners purchased a new stake in Marsh & McLennan Companies during the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MMC has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research report on Monday, February 3rd. Barclays upped their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $230.44.

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Marsh & McLennan Companies Stock Down 0.4 %

Shares of NYSE MMC traded down $1.02 during mid-day trading on Friday, hitting $235.40. The company had a trading volume of 1,671,920 shares, compared to its average volume of 1,629,187. The company has a market capitalization of $115.61 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84. The business's 50-day simple moving average is $222.83 and its 200 day simple moving average is $223.35.

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 (EPS) for the quarter, beating the consensus estimate 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, analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.38%. 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 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.