New England Professional Planning Group Inc. Purchases 50 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

New England Professional Planning Group Inc. raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,261 shares of the financial services provider’s stock after acquiring an additional 50 shares during the period. New England Professional Planning Group Inc.’s holdings in Marsh & McLennan Companies were worth $268,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position 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. grew its position in Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider’s stock valued at $1,744,000 after acquiring an additional 3,300 shares during the period. Citigroup Inc. grew its position in Marsh & McLennan Companies by 4.8% in the third 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 period. Kinsale Capital Group Inc. grew its position in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider’s stock valued at $6,024,000 after acquiring an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake 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 purchasing an additional 7,380 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $230.05 on Friday. The stock has a market cap of $112.98 billion, a P/E ratio of 28.09, a PEG ratio of 2.70 and a beta of 0.96. The stock has a 50 day simple moving average of $218.22 and a 200 day simple moving average of $222.28. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MMC. Barclays boosted their price objective 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. Keefe, Bruyette & Woods reduced their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company upped their price target on 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. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target 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 given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marsh & McLennan Companies currently has an average rating of “Hold” and a consensus price target of $230.44.

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.