Louisbourg Investments Inc. Raises Stock Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Louisbourg Investments Inc. increased its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 67.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,211 shares of the financial services provider's stock after purchasing an additional 3,300 shares during the quarter. Louisbourg Investments Inc.'s holdings in Marsh & McLennan Companies were worth $1,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC raised its stake in Marsh & McLennan Companies by 18.8% during the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock valued at $64,000 after buying an additional 45 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Marsh & McLennan Companies by 3.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock worth $281,000 after purchasing an additional 47 shares in the last quarter. TFB Advisors LLC increased its holdings 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 in the last quarter. BSW Wealth Partners increased its holdings in shares of Marsh & McLennan Companies by 5.1% in the 3rd quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock worth $242,000 after purchasing an additional 53 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of Marsh & McLennan Companies by 3.5% in the 3rd quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider's stock worth $356,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 87.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MMC shares. Evercore ISI reissued an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Barclays boosted their price target on 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 upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. UBS Group boosted their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price objective on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Down 0.9 %

Marsh & McLennan Companies stock traded down $2.15 during mid-day trading on Friday, reaching $228.95. 1,691,925 shares of the company were exchanged, compared to its average volume of 2,370,855. The business has a fifty day moving average of $216.79 and a 200 day moving average of $221.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The firm has a market cap of $112.44 billion, a P/E ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12-month low of $196.17 and a 12-month high of $235.50.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were issued a dividend of $0.815 per share. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a dividend yield of 1.42%. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

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.