Prospera Financial Services Inc Has $2.53 Million Holdings in Marsh & McLennan Companies, Inc. $MMC

Prospera Financial Services Inc lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 53.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 12,543 shares of the financial services provider’s stock after purchasing an additional 4,377 shares during the period. Prospera Financial Services Inc’s holdings in Marsh & McLennan Companies were worth $2,528,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Jennison Associates LLC grew its stake in shares of Marsh & McLennan Companies by 225.1% in the second quarter. Jennison Associates LLC now owns 1,051,055 shares of the financial services provider’s stock worth $229,803,000 after purchasing an additional 727,714 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Marsh & McLennan Companies by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,158,562 shares of the financial services provider’s stock worth $10,092,108,000 after buying an additional 837,117 shares during the period. Navera Investment Management Ltd. grew its position in shares of Marsh & McLennan Companies by 7.0% in the 3rd quarter. Navera Investment Management Ltd. now owns 1,623,960 shares of the financial services provider’s stock valued at $327,303,000 after buying an additional 105,954 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Marsh & McLennan Companies by 18.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 218,131 shares of the financial services provider’s stock worth $47,692,000 after acquiring an additional 34,400 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 4.4% in the third quarter. Bridges Investment Management Inc. now owns 76,196 shares of the financial services provider’s stock worth $15,356,000 after acquiring an additional 3,177 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore lowered their price target on shares of Marsh & McLennan Companies from $237.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, January 7th. Bank of America reissued an “underperform” rating and set a $181.00 target price (down previously from $243.00) on shares of Marsh & McLennan Companies in a research note on Monday, November 3rd. Royal Bank Of Canada started coverage on shares of Marsh & McLennan Companies in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on Marsh & McLennan Companies from $242.00 to $226.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a research report on Friday, October 31st. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $216.88.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $182.39 on Friday. The firm has a market capitalization of $89.35 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.87 and a beta of 0.76. The firm’s 50-day moving average price is $183.90 and its 200-day moving average price is $191.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.19. Marsh & McLennan Companies, Inc. has a 1-year low of $174.18 and a 1-year high of $248.00.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, January 29th will be issued a $0.90 dividend. The ex-dividend date is Thursday, January 29th. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio is presently 43.17%.

Insider Activity at Marsh & McLennan Companies

In other news, CEO John Q. Doyle sold 21,079 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $182.22, for a total transaction of $3,841,015.38. Following the completion of the sale, the chief executive officer owned 87,681 shares in the company, valued at $15,977,231.82. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

About Marsh & McLennan Companies

Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm headquartered in New York City that provides advice and solutions in the areas of risk, strategy and people. Founded in 1905, the company has grown into a diversified group of businesses focused on insurance brokerage and risk management, reinsurance, human capital and investment consulting, and management consulting. Its long history and scale position it as a prominent adviser to corporations, governments and other institutions seeking to manage risk and optimize human and financial capital.

The firm operates through several well-known subsidiaries and business units that specialize in distinct services.