CIBC Asset Management Inc Grows Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

CIBC Asset Management Inc boosted its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,293 shares of the financial services provider's stock after buying an additional 3,426 shares during the quarter. CIBC Asset Management Inc's holdings in Marsh & McLennan Companies were worth $21,292,000 as of its most recent SEC filing.

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

Marsh & McLennan Companies Stock Performance

Marsh & McLennan Companies stock traded down $0.52 during mid-day trading on Friday, reaching $230.05. 2,193,747 shares of the company traded hands, compared to its average volume of 2,152,310. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50. The firm's fifty day moving average is $218.22 and its two-hundred day moving average is $222.25. 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 company 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.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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%. On average, equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were given a $0.815 dividend. The ex-dividend date 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 is currently 39.80%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MMC. 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 report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Wells Fargo & Company boosted their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada raised shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average target price of $230.44.

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.