LGT Fund Management Co Ltd. Invests $476,000 in Marsh & McLennan Companies, Inc. (NYSE:MMC)

LGT Fund Management Co Ltd. purchased a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,240 shares of the financial services provider's stock, valued at approximately $476,000.

Several other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in shares of Marsh & McLennan Companies by 7,320.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider's stock valued at $235,511,000 after buying an additional 1,093,817 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Marsh & McLennan Companies by 29,648.6% in the fourth quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider's stock valued at $146,346,000 after acquiring an additional 686,662 shares during the period. FMR LLC increased its holdings in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider's stock worth $4,784,190,000 after acquiring an additional 518,185 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Marsh & McLennan Companies by 127.9% during the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider's stock worth $200,718,000 after purchasing an additional 504,897 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in shares of Marsh & McLennan Companies by 219.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider's stock valued at $118,068,000 after purchasing an additional 363,569 shares during the period. Institutional investors own 87.99% of the company's stock.

Wall Street Analyst Weigh In

MMC has been the subject of several research reports. Evercore ISI reissued an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. JPMorgan Chase & Co. lifted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Wells Fargo & Company upped their price objective 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. Royal Bank of Canada raised Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Finally, Barclays upped their price target on 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Performance

Shares of Marsh & McLennan Companies stock traded down $1.81 during trading on Thursday, hitting $236.00. 211,063 shares of the stock were exchanged, compared to its average volume of 1,618,400. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84. 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 $115.90 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. The company has a fifty day moving average price of $221.95 and a 200-day moving average price of $223.18.

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 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 annualized dividend and a dividend yield of 1.38%. Marsh & McLennan Companies's dividend payout ratio 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.