Ibex Wealth Advisors acquired a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,259 shares of the financial services provider's stock, valued at approximately $267,000.
Other hedge funds also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. increased 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 buying an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Marsh & McLennan Companies during the 3rd quarter valued at $31,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth about $38,000. Capital Performance Advisors LLP purchased a new position in shares of Marsh & McLennan Companies during the third quarter valued at about $41,000. Finally, Bangor Savings Bank bought a new position in Marsh & McLennan Companies in the third quarter worth about $46,000. 87.99% of the stock is owned by hedge funds and other institutional investors.
Marsh & McLennan Companies Price Performance
Shares of Marsh & McLennan Companies stock traded up $1.74 during trading on Thursday, reaching $220.24. 1,086,578 shares of the stock traded hands, compared to its average volume of 1,977,131. The business has a fifty day simple moving average of $217.95 and a two-hundred day simple moving average of $221.40. Marsh & McLennan Companies, Inc. has a 52-week low of $190.41 and a 52-week high of $235.50. The company has a market capitalization of $108.16 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.14 and a quick ratio of 1.14.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. Sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current year.
Marsh & McLennan Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.48%. Marsh & McLennan Companies's dividend payout ratio is 40.15%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Evercore ISI reaffirmed an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company lowered their target price on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a report on Thursday, October 10th. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on 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, Bank of America upped their price target on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $228.60.
Get Our Latest Stock Report on MMC
Marsh & McLennan Companies Company Profile
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Free Report)
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.
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