1,579 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,579 shares of the financial services provider’s stock, valued at approximately $336,000.

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

Marsh & McLennan Companies Price Performance

MMC opened at $233.99 on Wednesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $114.92 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The company’s 50-day moving average price is $219.03 and its 200 day moving average price is $222.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping 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, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were given a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Raymond James restated an “outperform” rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $230.44.

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.