Assetmark Inc. Has $141.70 Million Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Assetmark Inc. grew its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 667,114 shares of the financial services provider's stock after buying an additional 13,333 shares during the quarter. Assetmark Inc. owned 0.14% of Marsh & McLennan Companies worth $141,702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMC. Modera Wealth Management LLC grew its holdings in Marsh & McLennan Companies by 2.5% during the 4th quarter. Modera Wealth Management LLC now owns 1,885 shares of the financial services provider's stock worth $400,000 after acquiring an additional 46 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Marsh & McLennan Companies by 3.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 47 shares during the period. Hemington Wealth Management grew its position in shares of Marsh & McLennan Companies by 6.7% during the 4th quarter. Hemington Wealth Management now owns 768 shares of the financial services provider's stock worth $163,000 after buying an additional 48 shares during the period. New England Professional Planning Group Inc. lifted its stake in shares of Marsh & McLennan Companies by 4.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 1,261 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 50 shares during the period. Finally, TFB Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 2.0% in the 4th quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider's stock worth $547,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

MMC stock traded up $1.18 during mid-day trading on Wednesday, hitting $237.95. 1,728,169 shares of the company were exchanged, compared to its average volume of 1,625,033. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84. The business has a 50 day simple moving average of $221.95 and a 200-day simple moving average of $223.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $116.86 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) 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 the consensus estimate 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, equities analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MMC shares. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $242.00 to $250.00 in a research note on Thursday, December 12th. Raymond James reissued an "outperform" rating and set a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Evercore ISI reissued an "outperform" rating and set a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company raised their price objective on 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, Keefe, Bruyette & Woods decreased their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to 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.