Centricity Wealth Management LLC Purchases Shares of 372 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Centricity Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 372 shares of the financial services provider’s stock, valued at approximately $79,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 251,361 shares in the last quarter. Louisbourg Investments Inc. increased its holdings in Marsh & McLennan Companies by 67.2% in the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after acquiring an additional 3,300 shares during the last quarter. Citigroup Inc. lifted its stake in Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares in the last quarter. Kinsale Capital Group Inc. grew its position in shares of Marsh & McLennan Companies by 16.8% during the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of Marsh & McLennan Companies by 197.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 7,380 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of MMC opened at $230.05 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average price of $218.22 and a 200-day moving average price of $222.25. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50. The stock has a market capitalization of $112.98 billion, a PE ratio of 28.09, a PEG ratio of 2.63 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced 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%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MMC shares. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Raymond James restated an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods dropped their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus target price of $230.44.

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.