949 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC bought a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, HoldingsChannel reports. The fund bought 949 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds also recently made changes to their positions in the business. Financial Life Planners bought a new stake in Marsh & McLennan Companies in the fourth quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $36,000. Albion Financial Group UT purchased a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Capital Performance Advisors LLP bought a new position in Marsh & McLennan Companies during the third quarter valued at $41,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter valued at $41,000. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Stock Up 0.2 %

Shares of NYSE:MMC opened at $235.87 on Tuesday. The firm has a market capitalization of $115.85 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. 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 firm has a fifty day moving average of $223.31 and a 200 day moving average of $223.42.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.38%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Analyst Ratings Changes

MMC has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered 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. Raymond James reiterated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Barclays raised their target price 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. Finally, Evercore ISI reissued an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a report 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $230.44.

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.