PFG Investments LLC Cuts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

PFG Investments LLC lowered its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,042 shares of the financial services provider’s stock after selling 371 shares during the quarter. PFG Investments LLC’s holdings in Marsh & McLennan Companies were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMC. Carmichael Hill & Associates Inc. grew its stake in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies during the third quarter valued at about $31,000. Albion Financial Group UT purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth about $38,000. Capital Performance Advisors LLP purchased a new position in Marsh & McLennan Companies in the third quarter valued at about $41,000. Finally, Bangor Savings Bank purchased a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.7 %

MMC stock opened at $220.80 on Friday. Marsh & McLennan Companies, Inc. has a 1-year low of $190.41 and a 1-year high of $235.50. The stock has a market cap of $108.44 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The company’s 50 day moving average is $217.95 and its 200 day moving average is $221.40.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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 given a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.48%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMC. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research report on Friday, October 18th. Evercore ISI reissued an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $228.60.

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.