SVB Wealth LLC Acquires Shares of 78,679 Marsh & McLennan Companies, Inc. (NYSE:MMC)

SVB Wealth LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 78,679 shares of the financial services provider’s stock, valued at approximately $16,712,000.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in 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 worth $2,648,304,000 after purchasing an additional 251,361 shares during the last quarter. Louisbourg Investments Inc. raised its position in shares of Marsh & McLennan Companies by 67.2% during the 4th quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 3,300 shares during the period. Citigroup Inc. lifted its holdings in shares of Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock worth $113,384,000 after purchasing an additional 23,445 shares during the last quarter. Kinsale Capital Group Inc. boosted its position in Marsh & McLennan Companies by 16.8% during the 3rd quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position in Marsh & McLennan Companies by 197.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock worth $2,480,000 after buying an additional 7,380 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Evercore ISI restated an “outperform” rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Raymond James reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. 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. Finally, JPMorgan Chase & Co. lifted their target price 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Trading Up 1.4 %

Shares of Marsh & McLennan Companies stock opened at $237.78 on Friday. The business has a fifty day simple moving average of $220.47 and a 200-day simple moving average of $222.79. The firm has a market cap of $116.78 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $237.97. 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 announced its quarterly earnings data 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 net margin of 16.60% and a return on equity of 32.60%. On average, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

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 dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio 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.