Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by TCW Group Inc.

TCW Group Inc. raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,366 shares of the financial services provider’s stock after acquiring an additional 172 shares during the quarter. TCW Group Inc.’s holdings in Marsh & McLennan Companies were worth $2,414,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Carmichael Hill & Associates Inc. increased its stake in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth $36,000. Finally, Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MMC shares. Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays raised their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Evercore ISI reissued an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Up 1.1 %

Shares of NYSE MMC opened at $232.63 on Tuesday. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $235.50. The business’s 50 day moving average is $218.61 and its two-hundred day moving average is $222.41. The firm has a market cap of $114.25 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 2.70 and a beta of 0.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. Research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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 $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is currently 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.