PNC Financial Services Group Inc. Buys 469 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

PNC Financial Services Group Inc. boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,941 shares of the financial services provider’s stock after purchasing an additional 469 shares during the period. PNC Financial Services Group Inc. owned 0.12% of Marsh & McLennan Companies worth $124,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Modera Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies by 2.5% in the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 46 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after buying an additional 47 shares during the period. Hemington Wealth Management increased its position in shares of Marsh & McLennan Companies by 6.7% in the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock valued at $163,000 after buying an additional 48 shares in the last quarter. New England Professional Planning Group Inc. raised its stake in Marsh & McLennan Companies by 4.1% during the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider’s stock worth $268,000 after buying an additional 50 shares during the period. Finally, TFB Advisors LLC lifted its holdings in Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MMC has been the topic of a number of research analyst reports. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of MMC stock opened at $235.40 on Friday. The stock has a market cap of $115.61 billion, a P/E ratio of 28.74, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a fifty day moving average price of $222.83 and a two-hundred day moving average price of $223.35. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $241.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared 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. This represents a $3.26 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio 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.