Global Retirement Partners LLC Increases Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Global Retirement Partners LLC boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,725 shares of the financial services provider’s stock after purchasing an additional 62 shares during the period. Global Retirement Partners LLC’s holdings in Marsh & McLennan Companies were worth $1,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Carmichael Hill & Associates Inc. lifted its stake in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $31,000. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC acquired a new stake in Marsh & McLennan Companies during the 4th quarter worth $36,000. Finally, Albion Financial Group UT purchased a new position in Marsh & McLennan Companies in the 4th quarter worth approximately $38,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock opened at $230.05 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $112.98 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. The business has a 50-day moving average of $218.22 and a 200 day moving average of $222.25. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analysts Set New Price Targets

Several brokerages have issued reports on MMC. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods cut their price objective on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Barclays lifted their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.