Victory Capital Management Inc. Sells 5,780 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Victory Capital Management Inc. lessened its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,245 shares of the financial services provider’s stock after selling 5,780 shares during the quarter. Victory Capital Management Inc.’s holdings in Marsh & McLennan Companies were worth $36,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC grew 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 worth $4,784,190,000 after purchasing an additional 518,185 shares during the period. Geode Capital Management LLC grew its stake in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after purchasing an additional 251,361 shares during the period. Parnassus Investments LLC grew its stake in Marsh & McLennan Companies by 2.0% in the third quarter. Parnassus Investments LLC now owns 4,274,880 shares of the financial services provider’s stock worth $953,683,000 after purchasing an additional 85,754 shares during the period. JPMorgan Chase & Co. grew its stake in Marsh & McLennan Companies by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock worth $892,309,000 after purchasing an additional 184,239 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Marsh & McLennan Companies by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,286,899 shares of the financial services provider’s stock worth $698,170,000 after purchasing an additional 71,990 shares during the period. Institutional investors own 87.99% of the company’s stock.

Analyst Upgrades and Downgrades

MMC has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Raymond James reissued an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Barclays increased their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Finally, Evercore ISI reissued an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Trading Down 0.4 %

Marsh & McLennan Companies stock opened at $235.40 on Monday. 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, Inc. has a one year low of $196.17 and a one year high of $241.84. The stock has a market capitalization of $115.61 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The business’s fifty day moving average is $222.83 and its 200 day moving average is $223.35.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side 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. Stockholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

About Marsh & McLennan Companies

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.