Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 23.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,333 shares of the financial services provider’s stock after acquiring an additional 4,837 shares during the period. Marsh & McLennan Companies comprises about 1.0% of Triasima Portfolio Management inc.’s portfolio, making the stock its 28th largest holding. Triasima Portfolio Management inc.’s holdings in Marsh & McLennan Companies were worth $5,381,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Carmichael Hill & Associates Inc. lifted its holdings in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $31,000. Financial Life Planners purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $33,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at $38,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at $41,000. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Up 0.2 %

MMC stock opened at $225.97 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. Marsh & McLennan Companies, Inc. has a 52-week low of $194.50 and a 52-week high of $235.50. The company has a 50-day moving average of $216.93 and a two-hundred day moving average of $221.52. The stock has a market capitalization of $110.98 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.45 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

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 paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies’s payout ratio is presently 39.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Bank of America upped their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays upped their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus price target of $230.44.

Marsh & McLennan Companies 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.