Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,435 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Marsh & McLennan Companies were worth $8,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC lifted its holdings in Marsh & McLennan Companies by 2.2% in 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 acquiring an additional 251,361 shares during the period. Louisbourg Investments Inc. boosted its position in Marsh & McLennan Companies by 67.2% during the fourth 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 in the last quarter. Citigroup Inc. grew its stake in Marsh & McLennan Companies by 4.8% in the 3rd quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider’s stock valued at $113,384,000 after acquiring an additional 23,445 shares during the last quarter. Kinsale Capital Group Inc. increased its stake in shares of 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 worth $6,024,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in Marsh & McLennan Companies by 197.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 7,380 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MMC shares. JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Barclays upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. 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 company has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Up 0.5 %

MMC opened at $237.95 on Thursday. The company has a market cap of $116.86 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $241.84. The firm has a 50 day moving average price of $221.95 and a 200 day moving average price of $223.18.

Marsh & McLennan Companies (NYSE:MMC) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current 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 given a $0.815 dividend. 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 payout ratio is 39.80%.

Marsh & McLennan Companies 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.