Marsh & McLennan Companies, Inc. (NYSE:MMC) Holdings Reduced by Tobam

Tobam cut its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 695 shares of the financial services provider’s stock after selling 184 shares during the period. Tobam’s holdings in Marsh & McLennan Companies were worth $148,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Marsh & McLennan Companies by 3.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 87,724 shares of the financial services provider’s stock worth $18,633,000 after purchasing an additional 2,855 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Marsh & McLennan Companies in the 4th quarter valued at about $13,987,000. Ledyard National Bank raised its position in shares of Marsh & McLennan Companies by 81.5% during the 4th quarter. Ledyard National Bank now owns 7,045 shares of the financial services provider’s stock worth $1,496,000 after buying an additional 3,164 shares in the last quarter. Adero Partners LLC lifted its stake in shares of Marsh & McLennan Companies by 3.2% in the 4th quarter. Adero Partners LLC now owns 2,808 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 87 shares during the period. Finally, Bleakley Financial Group LLC increased its stake in shares of Marsh & McLennan Companies by 8.1% during the fourth quarter. Bleakley Financial Group LLC now owns 32,622 shares of the financial services provider’s stock valued at $6,929,000 after acquiring an additional 2,440 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Marsh & McLennan Companies Stock Up 0.6 %

Shares of Marsh & McLennan Companies stock opened at $227.45 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. Marsh & McLennan Companies, Inc. has a 1 year low of $194.50 and a 1 year high of $235.50. The stock has a 50-day moving average price of $216.93 and a 200 day moving average price of $221.52. The company has a market cap of $111.71 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates 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, analysts expect that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.43%. Marsh & McLennan Companies’s payout ratio is 39.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Wells Fargo & Company upped their price target 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. The Goldman Sachs Group set a $220.00 target price on shares of Marsh & McLennan Companies and gave the stock a “sell” rating in a report on Friday, October 18th. Finally, BMO Capital Markets lifted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently 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.