Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 87,798 shares of the financial services provider's stock after acquiring an additional 2,374 shares during the period. Sanctuary Advisors LLC's holdings in Marsh & McLennan Companies were worth $19,388,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. raised its holdings in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at $31,000. Financial Life Planners acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies in the 4th quarter valued at $36,000. Finally, Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $38,000. 87.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Royal Bank of Canada raised shares of 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 note on Thursday, December 12th. Evercore ISI reissued an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Raymond James reissued an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has an average rating of "Hold" and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Down 0.2 %

NYSE:MMC traded down $0.52 on Friday, reaching $230.05. The stock had a trading volume of 2,193,747 shares, compared to its average volume of 2,152,310. 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 company has a 50-day moving average of $218.22 and a 200 day moving average of $222.25. The stock has a market cap of $112.98 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.63 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 quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 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.