Empowered Funds LLC Reduces Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Empowered Funds LLC cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,164 shares of the financial services provider's stock after selling 2,773 shares during the quarter. Empowered Funds LLC's holdings in Marsh & McLennan Companies were worth $2,371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB raised its stake in Marsh & McLennan Companies by 19.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 10,339 shares of the financial services provider's stock worth $2,196,000 after purchasing an additional 1,699 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 0.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 15,021 shares of the financial services provider's stock valued at $3,191,000 after acquiring an additional 94 shares during the period. Apollon Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 63,843 shares of the financial services provider's stock valued at $13,561,000 after acquiring an additional 1,573 shares during the period. Conning Inc. raised its stake in shares of Marsh & McLennan Companies by 1.8% in the 4th quarter. Conning Inc. now owns 20,947 shares of the financial services provider's stock valued at $4,449,000 after acquiring an additional 369 shares during the period. Finally, Triasima Portfolio Management inc. grew its holdings in Marsh & McLennan Companies by 23.6% during the 4th quarter. Triasima Portfolio Management inc. now owns 25,333 shares of the financial services provider's stock worth $5,381,000 after acquiring an additional 4,837 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded up $1.15 during trading hours on Tuesday, reaching $229.98. 302,278 shares of the stock were exchanged, compared to its average volume of 2,129,419. The stock has a market cap of $112.95 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.35 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $235.50. The firm's 50 day moving average is $217.00 and its 200 day moving average is $221.99.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 EPS 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 issued a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Analyst Ratings Changes

Several research firms have commented on MMC. Evercore ISI reiterated an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, February 3rd. 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 report on Tuesday, October 22nd. BMO Capital Markets upped their target price 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. Finally, Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Two research 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, the stock presently has an average rating of "Hold" and an average target price of $230.44.

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.