4,022 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. bought a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,022 shares of the financial services provider’s stock, valued at approximately $854,000.

A number of other large investors also recently modified their holdings of the company. Carmichael Hill & Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 85.7% during the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Albion Financial Group UT bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in Marsh & McLennan Companies in the third quarter valued at $41,000. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BMO Capital Markets upped their price target on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Evercore ISI restated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE MMC opened at $227.45 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.44. The company has a fifty day simple moving average of $216.81 and a 200 day simple moving average of $221.60. Marsh & McLennan Companies, Inc. has a 12-month low of $194.50 and a 12-month high of $235.50. The company has a market cap of $111.71 billion, a P/E ratio of 27.77, a PEG ratio of 2.35 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 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 predict that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is currently 39.80%.

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.