Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co lifted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,170 shares of the financial services provider’s stock after purchasing an additional 874 shares during the period. Marsh & McLennan Companies comprises about 1.5% of Harbour Trust & Investment Management Co’s holdings, making the stock its 17th largest position. Harbour Trust & Investment Management Co’s holdings in Marsh & McLennan Companies were worth $12,993,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MMC. AMF Tjanstepension AB grew its position in Marsh & McLennan Companies by 16.8% during the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after purchasing an additional 19,024 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Marsh & McLennan Companies by 2.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 52 shares during the period. CWM LLC lifted its position in Marsh & McLennan Companies by 2.4% during the 3rd quarter. CWM LLC now owns 22,050 shares of the financial services provider’s stock worth $4,919,000 after acquiring an additional 523 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Marsh & McLennan Companies by 263.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,434 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 2,489 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in Marsh & McLennan Companies by 1.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,391 shares of the financial services provider’s stock worth $1,203,000 after buying an additional 74 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Roth Mkm raised their price objective on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Marsh & McLennan Companies presently has an average rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies Trading Up 0.6 %

Shares of NYSE:MMC opened at $227.45 on Monday. Marsh & McLennan Companies, Inc. has a twelve month low of $194.50 and a twelve month high of $235.50. 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 50 day moving average of $216.81 and a 200-day moving average of $221.60. The firm has a market cap of $111.71 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.35 and a beta of 0.96.

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

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.43%. 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.