Longboard Asset Management LP Makes New $218,000 Investment in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Longboard Asset Management LP bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,028 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC boosted its position in Marsh & McLennan Companies by 2.5% during 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 acquiring an additional 518,185 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Marsh & McLennan Companies by 2.2% during the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider’s stock valued at $2,648,304,000 after purchasing an additional 251,361 shares during the period. Parnassus Investments LLC boosted its holdings 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 acquiring an additional 85,754 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Marsh & McLennan Companies by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,999,771 shares of the financial services provider’s stock valued at $892,309,000 after acquiring an additional 184,239 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 valued at $603,205,000 after purchasing an additional 30,367 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $219.24 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $191.87 and a 1 year high of $235.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The stock’s fifty day moving average price is $217.65 and its two-hundred day moving average price is $221.41. The firm has a market cap of $107.67 billion, a PE ratio of 26.77, a PEG ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors 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 1.49%. Marsh & McLennan Companies’s dividend payout ratio is 39.80%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday. Roth Mkm upped their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a “sell” rating in a research note on Friday, October 18th. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $219.00 to $222.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, 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 report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $229.13.

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.