SG Americas Securities LLC Trims Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

SG Americas Securities LLC lowered its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 99.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,481 shares of the financial services provider’s stock after selling 515,192 shares during the quarter. SG Americas Securities LLC’s holdings in Marsh & McLennan Companies were worth $739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of MMC. NewEdge Advisors LLC grew its holdings in shares of 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 valued at $6,636,000 after buying an additional 7,075 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of 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 valued at $946,000 after buying an additional 1,288 shares during the last quarter. EP Wealth Advisors LLC lifted its position in Marsh & McLennan Companies by 41.8% during the second quarter. EP Wealth Advisors LLC now owns 2,351 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 693 shares during the period. Advisory Alpha LLC bought a new position in Marsh & McLennan Companies during the second quarter valued at approximately $209,000. Finally, New Century Financial Group LLC bought a new position in Marsh & McLennan Companies during the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MMC. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Keefe, Bruyette & Woods increased their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research report on Friday, January 10th. Roth Mkm increased their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of “Hold” and an average price target of $228.60.

Marsh & McLennan Companies Stock Performance

NYSE: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. The company has a fifty day moving average of $218.01 and a two-hundred day moving average of $221.41. The stock has a market capitalization of $107.71 billion, a PE ratio of 27.01, a P/E/G ratio of 2.27 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $190.41 and a fifty-two week high of $235.50.

Marsh & McLennan Companies Dividend Announcement

The firm 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 dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 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.