Beacon Capital Management LLC Purchases 93 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Beacon Capital Management LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 491 shares of the financial services provider’s stock after acquiring an additional 93 shares during the quarter. Beacon Capital Management LLC’s holdings in Marsh & McLennan Companies were worth $104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MMC. Fortitude Family Office LLC lifted its holdings in shares of Marsh & McLennan Companies by 18.8% in the 3rd quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 45 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management lifted its stake in Marsh & McLennan Companies by 6.7% in the fourth quarter. Hemington Wealth Management now owns 768 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 48 shares during the last quarter. TFB Advisors LLC grew its stake in shares of Marsh & McLennan Companies by 2.0% during the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after buying an additional 51 shares during the last quarter. Finally, BSW Wealth Partners raised its holdings in shares of Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider’s stock worth $242,000 after buying an additional 53 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Down 0.9 %

MMC opened at $228.95 on Friday. 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 firm has a market cap of $112.44 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $235.50. The stock has a fifty day moving average price of $216.79 and a 200-day moving average price of $221.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results 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 net margin of 16.60% and a return on equity of 32.60%. As a group, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Analyst Upgrades and Downgrades

MMC has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company upped 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 report on Friday, January 31st. Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a report on Monday, November 25th. UBS Group upped their target price on shares of Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $242.00 to $250.00 in a report on Thursday, December 12th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $230.44.

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.