Spectrum Wealth Advisory Group LLC Invests $522,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Spectrum Wealth Advisory Group LLC purchased a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,457 shares of the financial services provider's stock, valued at approximately $522,000.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock valued at $2,648,304,000 after buying an additional 251,361 shares during the period. Louisbourg Investments Inc. increased its holdings in shares of Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after buying an additional 3,300 shares during the period. Citigroup Inc. increased its holdings in shares of Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock worth $113,384,000 after buying an additional 23,445 shares during the period. Kinsale Capital Group Inc. increased its holdings in shares of Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock worth $6,024,000 after buying an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its holdings in Marsh & McLennan Companies by 197.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock valued at $2,480,000 after purchasing an additional 7,380 shares during the period. 87.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MMC. Raymond James reiterated an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Barclays upped their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reissued an "outperform" rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

MMC traded down $0.51 on Thursday, reaching $230.63. The stock had a trading volume of 1,786,954 shares, compared to its average volume of 2,151,056. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $113.27 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96. The business's 50-day moving average price is $217.63 and its two-hundred day moving average price is $222.09. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.62 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given 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 (DPR) is 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.