Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Gries Financial LLC

Gries Financial LLC raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,674 shares of the financial services provider’s stock after acquiring an additional 504 shares during the period. Gries Financial LLC’s holdings in Marsh & McLennan Companies were worth $1,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of 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 valued at $4,784,190,000 after buying an additional 518,185 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock worth $2,648,304,000 after acquiring an additional 251,361 shares in the last quarter. Parnassus Investments LLC increased its position 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 buying an additional 85,754 shares during the period. JPMorgan Chase & Co. lifted its position in Marsh & McLennan Companies by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after purchasing an additional 184,239 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Marsh & McLennan Companies by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,703,862 shares of the financial services provider’s stock worth $603,205,000 after acquiring an additional 30,367 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MMC. BMO Capital Markets upped their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods lifted their target price on Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a report on Friday, January 10th. Roth Mkm lifted their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, UBS Group raised their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average target price of $228.60.

Marsh & McLennan Companies Price Performance

Shares of NYSE:MMC opened at $219.32 on Thursday. 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 firm has a market cap of $107.71 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 2.27 and a beta of 0.96. The business has a fifty day simple moving average of $218.01 and a 200 day simple moving average of $221.41. Marsh & McLennan Companies, Inc. has a 1 year low of $190.41 and a 1 year high of $235.50.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 40.15%.

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.