Cibc World Market Inc. Increases Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Cibc World Market Inc. increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 547.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 71,553 shares of the financial services provider’s stock after acquiring an additional 60,495 shares during the period. Cibc World Market Inc.’s holdings in Marsh & McLennan Companies were worth $15,199,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MMC. Carmichael Hill & Associates Inc. boosted its stake in shares of Marsh & McLennan Companies by 85.7% during 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 during the period. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the 3rd quarter worth about $31,000. Albion Financial Group UT purchased a new position in shares of Marsh & McLennan Companies during the fourth quarter worth approximately $38,000. Capital Performance Advisors LLP purchased a new stake in shares of Marsh & McLennan Companies in the third quarter valued at approximately $41,000. Finally, Bangor Savings Bank bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Price Performance

Shares of NYSE MMC opened at $216.90 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $190.41 and a fifty-two week high of $235.50. The company has a market cap of $106.52 billion, a PE ratio of 26.71, a P/E/G ratio of 2.30 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. The business has a 50-day simple moving average of $217.87 and a two-hundred day simple moving average of $221.39.

Marsh & McLennan Companies (NYSE:MMC) last released its earnings results 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 net margin of 16.82% and a return on equity of 32.65%. As a group, equities analysts expect that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company 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. 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 1.50%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 39.80%.

Wall Street Analyst Weigh In

MMC has been the topic of a number of recent research reports. Roth Mkm increased their price target on Marsh & McLennan Companies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Barclays raised 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 research report on Thursday, November 21st. Wells Fargo & Company increased their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective 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. Finally, UBS Group increased their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $229.40.

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.