Marsh & McLennan Companies, Inc. (NYSE:MMC) is Tower View Wealth Management LLC’s 5th Largest Position

Tower View Wealth Management LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,099 shares of the financial services provider’s stock after buying an additional 274 shares during the quarter. Marsh & McLennan Companies comprises about 3.5% of Tower View Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Tower View Wealth Management LLC’s holdings in Marsh & McLennan Companies were worth $6,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MMC. Carmichael Hill & Associates Inc. grew its holdings in Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at about $31,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $33,000. Sierra Ocean LLC bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Finally, Albion Financial Group UT bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the subject of a number of research analyst reports. Raymond James reiterated an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Barclays lifted their price target on 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 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Two research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

MMC opened at $237.78 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $237.97. The stock has a market capitalization of $116.78 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The stock’s 50 day moving average price is $220.47 and its 200-day moving average price is $222.83.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.37%. 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.