Ibex Wealth Advisors Purchases New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Ibex Wealth Advisors acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, Holdings Channel reports. The fund acquired 1,259 shares of the financial services provider’s stock, valued at approximately $267,000.

Several other large investors have also modified their holdings of MMC. Swedbank AB increased its position in Marsh & McLennan Companies by 1.5% during the fourth quarter. Swedbank AB now owns 279,960 shares of the financial services provider’s stock worth $59,466,000 after buying an additional 4,266 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Marsh & McLennan Companies by 1.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,673,831 shares of the financial services provider’s stock worth $355,538,000 after acquiring an additional 23,395 shares during the last quarter. R Squared Ltd purchased a new stake in Marsh & McLennan Companies in the 4th quarter valued at $678,000. NorthStar Asset Management LLC NJ boosted its stake in Marsh & McLennan Companies by 11.9% during the 4th quarter. NorthStar Asset Management LLC NJ now owns 5,759 shares of the financial services provider’s stock worth $1,223,000 after purchasing an additional 613 shares during the period. Finally, Mayflower Financial Advisors LLC increased its stake in Marsh & McLennan Companies by 4.1% in the fourth quarter. Mayflower Financial Advisors LLC now owns 2,093 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

MMC stock opened at $219.32 on Thursday. The company has a market cap of $107.71 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 2.27 and a beta of 0.96. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $218.01 and a 200-day moving average of $221.41. Marsh & McLennan Companies, Inc. has a 12-month low of $190.41 and a 12-month high of $235.50.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.49%. Marsh & McLennan Companies’s payout ratio is 40.15%.

Analyst Ratings Changes

MMC has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the stock an “underperform” rating in a research note on Friday, January 10th. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. UBS Group upped their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays boosted their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Bank of America lifted their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $228.60.

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.