SBI Securities Co. Ltd. Takes $136,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

SBI Securities Co. Ltd. bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 642 shares of the financial services provider’s stock, valued at approximately $136,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $31,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $36,000. Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at about $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies in the third quarter valued at about $41,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MMC. Raymond James restated an “outperform” rating and set a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Evercore ISI restated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Keefe, Bruyette & Woods lowered their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Barclays boosted their target price on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Stock Down 0.4 %

Shares of NYSE MMC opened at $235.40 on Friday. The stock has a market cap of $115.61 billion, a PE ratio of 28.74, a PEG ratio of 2.70 and a beta of 0.95. The business has a fifty day moving average of $222.83 and a two-hundred day moving average of $223.36. Marsh & McLennan Companies, Inc. has a 52-week low of $196.17 and a 52-week high of $241.84. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

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, 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%. As a group, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, January 30th. 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.