Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,729 shares of the financial services provider’s stock after selling 375 shares during the period. Gulf International Bank UK Ltd’s holdings in Marsh & McLennan Companies were worth $8,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Carmichael Hill & Associates Inc. raised its position in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies during the third quarter worth about $31,000. Financial Life Planners purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $36,000. Finally, Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock opened at $231.49 on Thursday. The firm has a market cap of $113.69 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $235.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company’s 50 day moving average is $219.46 and its two-hundred day moving average is $222.57.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 is presently 39.80%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MMC. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research note on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Raymond James reiterated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $242.00 to $250.00 in a report on Thursday, December 12th. Two research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $230.44.

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.