Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC trimmed its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,445 shares of the financial services provider’s stock after selling 429 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Marsh & McLennan Companies were worth $14,326,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Creative Planning grew its stake in shares of Marsh & McLennan Companies by 7.1% in the 2nd quarter. Creative Planning now owns 92,722 shares of the financial services provider’s stock worth $19,538,000 after purchasing an additional 6,166 shares during the last quarter. NewEdge Advisors LLC grew its position in Marsh & McLennan Companies by 29.0% during the second quarter. NewEdge Advisors LLC now owns 31,492 shares of the financial services provider’s stock worth $6,636,000 after buying an additional 7,075 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Marsh & McLennan Companies by 40.2% during the second 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 period. EP Wealth Advisors LLC raised its stake in shares of Marsh & McLennan Companies by 41.8% in the second quarter. EP Wealth Advisors LLC now owns 2,351 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 693 shares during the last quarter. Finally, Truist Financial Corp raised its stake in shares of Marsh & McLennan Companies by 93.9% in the second quarter. Truist Financial Corp now owns 761,974 shares of the financial services provider’s stock valued at $160,563,000 after acquiring an additional 368,970 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MMC shares. Jefferies Financial Group boosted their price target on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Bank of America boosted their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $228.60.

Marsh & McLennan Companies Trading Down 1.3 %

Shares of MMC stock opened at $220.84 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $189.90 and a fifty-two week 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. The stock’s fifty day moving average is $218.00 and its two-hundred day moving average is $221.40. The firm has a market capitalization of $108.46 billion, a P/E ratio of 27.20, a PEG ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

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.