Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by TFB Advisors LLC

TFB Advisors LLC grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,576 shares of the financial services provider’s stock after buying an additional 51 shares during the period. TFB Advisors LLC’s holdings in Marsh & McLennan Companies were worth $547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Marsh & McLennan Companies by 7,320.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock valued at $235,511,000 after acquiring an additional 1,093,817 shares during the last quarter. FMR LLC increased its holdings in Marsh & McLennan Companies by 2.5% in the 3rd quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock valued at $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock valued at $200,718,000 after purchasing an additional 504,897 shares during the period. International Assets Investment Management LLC boosted its position in shares of Marsh & McLennan Companies by 31,846.5% during the third quarter. International Assets Investment Management LLC now owns 427,764 shares of the financial services provider’s stock worth $95,430,000 after buying an additional 426,425 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock valued at $118,068,000 after buying an additional 363,569 shares in the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of research analyst reports. Barclays raised their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. BMO Capital Markets lifted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their target price 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. Evercore ISI restated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. increased their price objective 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 equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 0.0 %

Shares of MMC opened at $228.12 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $194.94 and a fifty-two week high of $235.50. The stock has a fifty day moving average of $216.71 and a two-hundred day moving average of $221.71. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The company has a market capitalization of $112.04 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. 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 dividend payout ratio (DPR) is presently 39.80%.

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.