2,194 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Purchased by Good Life Advisors LLC

Good Life Advisors LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,194 shares of the financial services provider’s stock, valued at approximately $466,000.

Other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB raised its position in Marsh & McLennan Companies by 16.8% in the third quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock valued at $29,507,000 after purchasing an additional 19,024 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Marsh & McLennan Companies by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 147,708 shares of the financial services provider’s stock valued at $32,952,000 after buying an additional 2,068 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Marsh & McLennan Companies by 10.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,156 shares of the financial services provider’s stock valued at $704,000 after buying an additional 296 shares during the period. Eastern Bank purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at about $433,000. Finally, Lecap Asset Management Ltd. acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $520,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on MMC shares. Wells Fargo & Company raised 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, January 31st. Raymond James reissued an “outperform” rating and issued a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Evercore ISI reissued an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Down 0.2 %

Shares of NYSE:MMC opened at $230.63 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a 50 day simple moving average of $217.92 and a 200-day simple moving average of $222.15. The company has a market capitalization of $113.27 billion, a PE ratio of 28.16, a P/E/G ratio of 2.37 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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 analysts predict that Marsh & McLennan Companies, Inc. will post 9.62 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 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.