Lester Murray Antman dba SimplyRich Raises Stock Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Lester Murray Antman dba SimplyRich grew its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,242 shares of the financial services provider’s stock after buying an additional 102 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Marsh & McLennan Companies were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TFB Advisors LLC lifted its holdings in Marsh & McLennan Companies by 2.0% in the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 51 shares during the period. Schear Investment Advisers LLC increased its position in shares of Marsh & McLennan Companies by 12.7% during the 4th quarter. Schear Investment Advisers LLC now owns 2,099 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 237 shares during the last quarter. Portfolio Design Labs LLC boosted its holdings in shares of Marsh & McLennan Companies by 18.2% in the fourth quarter. Portfolio Design Labs LLC now owns 1,129 shares of the financial services provider’s stock worth $240,000 after buying an additional 174 shares during the last quarter. Essex Financial Services Inc. grew its position in Marsh & McLennan Companies by 91.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,491 shares of the financial services provider’s stock valued at $1,379,000 after buying an additional 3,098 shares during the period. Finally, Quilter Plc increased its holdings in Marsh & McLennan Companies by 6.9% during the fourth quarter. Quilter Plc now owns 298,907 shares of the financial services provider’s stock valued at $63,491,000 after buying an additional 19,350 shares during the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Up 0.0 %

Shares of Marsh & McLennan Companies stock opened at $228.12 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $112.04 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a twelve month low of $194.94 and a twelve month high of $235.50. The business has a 50-day moving average price of $216.71 and a 200-day moving average price of $221.71.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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%. Equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on MMC shares. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Barclays lifted their price objective 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. UBS Group raised 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, Roth Mkm upped their price target on shares of Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $230.44.

About Marsh & McLennan Companies

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.