Richardson Financial Services Inc. Acquires 186 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Richardson Financial Services Inc. boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 67.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 461 shares of the financial services provider’s stock after purchasing an additional 186 shares during the period. Richardson Financial Services Inc.’s holdings in Marsh & McLennan Companies were worth $98,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Fortitude Family Office LLC increased its position in Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after buying an additional 45 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 47 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Marsh & McLennan Companies by 2.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 52 shares during the last quarter. BSW Wealth Partners boosted its position in Marsh & McLennan Companies by 5.1% during the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 53 shares during the period. Finally, CENTRAL TRUST Co raised its position in shares of Marsh & McLennan Companies by 3.5% in the third quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 54 shares during the period. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.8 %

Shares of MMC opened at $216.90 on Monday. The firm has a market cap of $106.52 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.30 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 1 year low of $190.41 and a 1 year high of $235.50. The stock has a 50 day simple moving average of $217.65 and a two-hundred day simple moving average of $221.40.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. On average, analysts forecast that Marsh & McLennan Companies, Inc. will post 8.67 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared 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. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.50%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 40.15%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MMC shares. Wells Fargo & Company lifted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday. Barclays increased their price objective 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. The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Bank of America raised their price objective on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an “underperform” rating in a report on Friday, January 10th. Two equities 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 company’s stock. According to data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average price target of $229.40.

Marsh & McLennan Companies Company Profile

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.