TigerOak Management L.L.C. Acquires New Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC)

TigerOak Management L.L.C. acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,553 shares of the financial services provider’s stock, valued at approximately $330,000.

Other institutional investors also recently modified their holdings of the company. Carmichael Hill & Associates Inc. boosted its position in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies in the third quarter worth about $31,000. Financial Life Planners purchased a new position in Marsh & McLennan Companies in the fourth quarter worth about $33,000. Albion Financial Group UT purchased a new position in Marsh & McLennan Companies in the fourth quarter worth about $38,000. Finally, Capital Performance Advisors LLP purchased a new position in Marsh & McLennan Companies in the third quarter worth about $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MMC has been the topic of several research reports. BMO Capital Markets raised their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $228.95 on Friday. The company has a market cap of $112.44 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96. 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 50 day simple moving average is $216.79 and its two-hundred day simple moving average is $221.96. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced 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 return on equity of 32.60% and a net margin of 16.60%. As a group, equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

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.