3,190 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Acquired by R Squared Ltd

R Squared Ltd purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 3,190 shares of the financial services provider’s stock, valued at approximately $678,000. Marsh & McLennan Companies comprises about 0.7% of R Squared Ltd’s portfolio, making the stock its 14th largest position.

Other large investors also recently made changes to their positions in the company. NorthStar Asset Management LLC NJ lifted its position in Marsh & McLennan Companies by 11.9% during the fourth quarter. NorthStar Asset Management LLC NJ now owns 5,759 shares of the financial services provider’s stock worth $1,223,000 after buying an additional 613 shares during the period. Mayflower Financial Advisors LLC increased its stake in shares of Marsh & McLennan Companies by 4.1% during the 4th quarter. Mayflower Financial Advisors LLC now owns 2,093 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 82 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of Marsh & McLennan Companies by 12.6% in the fourth quarter. Perigon Wealth Management LLC now owns 10,598 shares of the financial services provider’s stock worth $2,292,000 after acquiring an additional 1,182 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Marsh & McLennan Companies by 1.2% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 19,004 shares of the financial services provider’s stock valued at $4,037,000 after purchasing an additional 219 shares during the period. Finally, James Hambro & Partners LLP raised its stake in Marsh & McLennan Companies by 8.7% during the fourth quarter. James Hambro & Partners LLP now owns 2,811 shares of the financial services provider’s stock worth $597,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Down 1.3 %

NYSE:MMC opened at $220.84 on Wednesday. The stock has a 50-day simple moving average of $218.00 and a 200 day simple moving average of $221.40. Marsh & McLennan Companies, Inc. has a one year low of $189.90 and a one year high of $235.50. The company has a market capitalization of $108.46 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.14 and a current ratio of 1.14.

Marsh & McLennan Companies Announces Dividend

The company also recently declared 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. This represents a $3.26 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MMC. Evercore ISI reissued an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Wells Fargo & Company dropped their price target on Marsh & McLennan Companies from $212.00 to $211.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets lifted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Roth Mkm increased their target price 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. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has an average rating of “Hold” and a consensus price target 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.