Kingsview Wealth Management LLC Increases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Kingsview Wealth Management LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,021 shares of the financial services provider’s stock after acquiring an additional 94 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $3,191,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MMC. Geode Capital Management LLC raised its holdings in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares in the last quarter. Citigroup Inc. increased its stake in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after acquiring an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. boosted its stake in Marsh & McLennan Companies by 16.8% during the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock worth $6,024,000 after acquiring an additional 3,880 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Marsh & McLennan Companies by 197.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares during the period. Finally, Waverton Investment Management Ltd lifted its holdings in shares of Marsh & McLennan Companies by 4.8% during the third quarter. Waverton Investment Management Ltd now owns 1,104,799 shares of the financial services provider’s stock valued at $246,475,000 after purchasing an additional 50,167 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.6 %

MMC opened at $227.45 on Monday. Marsh & McLennan Companies, Inc. has a 1-year low of $194.50 and a 1-year high of $235.50. The firm’s 50 day simple moving average is $216.81 and its two-hundred day simple moving average is $221.60. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $111.71 billion, a PE ratio of 27.77, a PEG ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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%. As a group, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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 $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MMC. BMO Capital Markets lifted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm lifted their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Raymond James restated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday. Barclays increased their price target on shares of 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, Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.