Good Life Advisors LLC Purchases New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Good Life Advisors LLC acquired a new position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,194 shares of the financial services provider's stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MMC. Carmichael Hill & Associates Inc. raised its holdings in 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 worth $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter valued at approximately $36,000. Finally, Albion Financial Group UT acquired a new position in Marsh & McLennan Companies during the fourth quarter worth $38,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 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 report on Friday, January 31st. Barclays increased 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 report on Thursday, November 21st. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $242.00 to $250.00 in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods dropped their price objective 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 research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $230.44.

Marsh & McLennan Companies Trading Down 0.2 %

NYSE:MMC traded down $0.52 during mid-day trading on Friday, reaching $230.05. The company's stock had a trading volume of 2,193,747 shares, compared to its average volume of 2,152,310. Marsh & McLennan Companies, Inc. has a twelve month low of $196.17 and a twelve month high of $235.50. The company's fifty day simple moving average is $217.92 and its two-hundred day simple moving average is $222.15. 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 cap of $112.98 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.63 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. On average, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

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. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 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.