Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by FWG Holdings LLC

FWG Holdings LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 32.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,464 shares of the financial services provider’s stock after purchasing an additional 359 shares during the quarter. FWG Holdings LLC’s holdings in Marsh & McLennan Companies were worth $321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new position in Marsh & McLennan Companies during the fourth quarter worth about $36,000. Albion Financial Group UT acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at about $38,000. Capital Performance Advisors LLP purchased a new stake in Marsh & McLennan Companies in the 3rd quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter worth approximately $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MMC has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on 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. 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 reaffirmed an “outperform” rating and issued a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their target price 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 given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock opened at $235.40 on Monday. Marsh & McLennan Companies, Inc. has a 52 week low of $196.17 and a 52 week high of $241.84. 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 stock has a market cap of $115.61 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The stock has a 50 day moving average of $222.83 and a 200-day moving average of $223.35.

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 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, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) 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.