Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Adero Partners LLC

Adero Partners LLC raised its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,808 shares of the financial services provider’s stock after purchasing an additional 87 shares during the quarter. Adero Partners LLC’s holdings in Marsh & McLennan Companies were worth $596,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bleakley Financial Group LLC increased its stake in Marsh & McLennan Companies by 8.1% in the 4th quarter. Bleakley Financial Group LLC now owns 32,622 shares of the financial services provider’s stock valued at $6,929,000 after buying an additional 2,440 shares during the period. Meadow Creek Wealth Advisors LLC boosted its holdings in Marsh & McLennan Companies by 16.2% in the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 1,088 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 152 shares in the last quarter. Tyche Wealth Partners LLC raised its stake in shares of Marsh & McLennan Companies by 14.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 1,554 shares of the financial services provider’s stock worth $330,000 after buying an additional 198 shares in the last quarter. Choreo LLC boosted its stake in shares of Marsh & McLennan Companies by 1.9% in the fourth quarter. Choreo LLC now owns 16,068 shares of the financial services provider’s stock valued at $3,407,000 after buying an additional 305 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Marsh & McLennan Companies by 5.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,033 shares of the financial services provider’s stock worth $10,875,000 after acquiring an additional 2,546 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MMC shares. Evercore ISI restated an “outperform” rating and set a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Barclays increased their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group set a $220.00 price target on Marsh & McLennan Companies and gave the stock a “sell” rating in a research note on Friday, October 18th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $229.13.

Marsh & McLennan Companies Stock Performance

Shares of MMC opened at $225.61 on Thursday. The company has a market capitalization of $110.80 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. Marsh & McLennan Companies, Inc. has a 1 year low of $191.95 and a 1 year high of $235.50. The company’s 50 day simple moving average is $217.23 and its 200 day simple moving average is $221.46.

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 return on equity of 32.60% and a net margin of 16.60%. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be issued a $0.815 dividend. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.44%. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.