Fisher Asset Management LLC Acquires 836 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fisher Asset Management LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 72.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,993 shares of the financial services provider’s stock after purchasing an additional 836 shares during the quarter. Fisher Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $424,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Terril Brothers Inc. bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $221,000. SVB Wealth LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth $16,712,000. Flputnam Investment Management Co. boosted its holdings in shares of Marsh & McLennan Companies by 1.7% during the 4th quarter. Flputnam Investment Management Co. now owns 217,418 shares of the financial services provider’s stock worth $46,182,000 after buying an additional 3,649 shares during the period. Dynasty Wealth Management LLC boosted its holdings in shares of Marsh & McLennan Companies by 5.3% during the 4th quarter. Dynasty Wealth Management LLC now owns 13,655 shares of the financial services provider’s stock worth $2,901,000 after buying an additional 688 shares during the period. Finally, First American Bank boosted its holdings in shares of Marsh & McLennan Companies by 0.9% during the 4th quarter. First American Bank now owns 60,303 shares of the financial services provider’s stock worth $12,809,000 after buying an additional 562 shares during the period. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Trading Down 0.6 %

Shares of MMC stock opened at $236.42 on Friday. The firm has a fifty day moving average of $222.39 and a 200-day moving average of $223.27. 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 52-week low of $196.17 and a 52-week high of $241.84. The stock has a market cap of $116.11 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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 research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

Several analysts recently issued reports on MMC shares. Wells Fargo & Company upped their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Evercore ISI reiterated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods cut 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 note on Monday, February 3rd. Two investment 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. According to MarketBeat, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus target price of $230.44.

About Marsh & McLennan Companies

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.