Synergy Investment Management LLC Purchases Shares of 1,427 Marsh & McLennan Companies, Inc. (NYSE:MMC)

Synergy Investment Management LLC acquired a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,427 shares of the financial services provider’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MMC. Assenagon Asset Management S.A. boosted its holdings in shares of Marsh & McLennan Companies by 7,320.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after buying an additional 1,093,817 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Marsh & McLennan Companies by 29,648.6% during the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock worth $146,346,000 after acquiring an additional 686,662 shares in the last quarter. FMR LLC grew its holdings in Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares during the period. The Manufacturers Life Insurance Company increased its stake 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 in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Marsh & McLennan Companies by 219.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after purchasing an additional 363,569 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MMC shares. Keefe, Bruyette & Woods dropped their price target 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 reaffirmed an “outperform” rating and set a $250.00 target price (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Barclays boosted their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted 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 report on Friday, January 31st. Finally, Evercore ISI restated an “outperform” rating and issued a $242.00 target price 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 assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Up 0.7 %

Shares of NYSE:MMC opened at $239.53 on Tuesday. The company has a market capitalization of $117.64 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day moving average price of $221.02 and a two-hundred day moving average price of $222.97. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $239.81.

Marsh & McLennan Companies (NYSE:MMC) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, beating 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%. Analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 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.