Swedbank AB grew its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 279,960 shares of the financial services provider's stock after acquiring an additional 4,266 shares during the period. Swedbank AB owned about 0.06% of Marsh & McLennan Companies worth $59,466,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of MMC. NewEdge Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 29.0% in the second quarter. NewEdge Advisors LLC now owns 31,492 shares of the financial services provider's stock valued at $6,636,000 after buying an additional 7,075 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Marsh & McLennan Companies by 40.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 4,489 shares of the financial services provider's stock worth $946,000 after purchasing an additional 1,288 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Marsh & McLennan Companies by 41.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,351 shares of the financial services provider's stock worth $495,000 after purchasing an additional 693 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Marsh & McLennan Companies during the second quarter worth $209,000. Finally, New Century Financial Group LLC acquired a new position in Marsh & McLennan Companies in the second quarter valued at $203,000. Institutional investors own 87.99% of the company's stock.
Wall Street Analysts Forecast Growth
MMC has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research report on Thursday, October 10th. Roth Mkm increased their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Jefferies Financial Group boosted their price objective on Marsh & McLennan Companies from $219.00 to $222.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Bank of America raised their price objective on Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets increased 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $228.60.
Get Our Latest Stock Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Stock Performance
Marsh & McLennan Companies stock traded up $0.57 during mid-day trading on Thursday, reaching $219.07. The company's stock had a trading volume of 894,024 shares, compared to its average volume of 1,971,292. The company has a market capitalization of $107.59 billion, a P/E ratio of 27.00, a PEG ratio of 2.27 and a beta of 0.96. The firm's fifty day moving average price is $217.95 and its two-hundred day moving average price is $221.40. Marsh & McLennan Companies, Inc. has a 12-month low of $190.41 and a 12-month high of $235.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.
Marsh & McLennan Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.
Marsh & McLennan Companies Profile
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Free Report)
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.
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