Geneos Wealth Management Inc. Has $281,000 Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Geneos Wealth Management Inc. lifted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,324 shares of the financial services provider’s stock after acquiring an additional 47 shares during the period. Geneos Wealth Management Inc.’s holdings in Marsh & McLennan Companies were worth $281,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. FMR LLC raised its stake in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after buying an additional 518,185 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after buying an additional 504,897 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Marsh & McLennan Companies by 31,846.5% during the 3rd quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after acquiring an additional 426,425 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in Marsh & McLennan Companies by 219.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after acquiring an additional 363,569 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MMC shares. Evercore ISI reissued an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Barclays raised their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Wells Fargo & Company lowered their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price target on Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $228.60.

Marsh & McLennan Companies Trading Down 0.7 %

Shares of MMC opened at $219.32 on Thursday. 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, Inc. has a 52-week low of $190.41 and a 52-week high of $235.50. The firm has a market cap of $107.71 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.27 and a beta of 0.96. The business’s fifty day moving average is $218.01 and its 200-day moving average is $221.41.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. Marsh & McLennan Companies’s dividend payout ratio (DPR) 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.