Archvest Wealth Advisors Inc. Sells 57 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Archvest Wealth Advisors Inc. lessened its position in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,840 shares of the financial services provider’s stock after selling 57 shares during the quarter. Archvest Wealth Advisors Inc.’s holdings in Marsh & McLennan Companies were worth $603,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MMC. Carmichael Hill & Associates Inc. increased its position in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the third quarter valued at approximately $31,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $38,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MMC. Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Up 0.6 %

Shares of NYSE:MMC opened at $227.45 on Friday. The business has a fifty day simple moving average of $216.93 and a 200 day simple moving average of $221.52. Marsh & McLennan Companies, Inc. has a 12-month low of $194.50 and a 12-month high of $235.50. The firm has a market cap of $111.71 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.35 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business 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 dividend of $0.815 per share. 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 1.43%. Marsh & McLennan Companies’s 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.