Carnegie Investment Counsel Purchases 4,465 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Carnegie Investment Counsel raised its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,384 shares of the financial services provider's stock after purchasing an additional 4,465 shares during the quarter. Carnegie Investment Counsel's holdings in Marsh & McLennan Companies were worth $20,048,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. boosted its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Marsh & McLennan Companies during the 3rd quarter worth approximately $41,000. Bangor Savings Bank bought a new stake in shares of Marsh & McLennan Companies in the 3rd quarter valued at $46,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Marsh & McLennan Companies by 390.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 270 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 215 shares during the period. Institutional investors own 87.99% of the company's stock.

Insider Transactions at Marsh & McLennan Companies

In other news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the completion of the sale, the director now owns 48,549 shares in the company, valued at $10,756,030.95. This trade represents a 4.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MMC shares. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a "sell" rating in a research note on Friday, October 18th. Roth Mkm boosted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an "underperform" rating in a research note on Friday, January 10th. UBS Group upped their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of "Hold" and a consensus price target of $228.60.

Marsh & McLennan Companies Stock Down 0.5 %

Marsh & McLennan Companies stock traded down $1.06 during midday trading on Friday, hitting $215.23. 2,007,016 shares of the stock were exchanged, compared to its average volume of 2,083,865. Marsh & McLennan Companies, Inc. has a 52-week low of $188.31 and a 52-week high of $235.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.89. The business's 50-day moving average price is $218.82 and its 200-day moving average price is $221.06. The stock has a market capitalization of $105.71 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a return on equity of 32.65% and a net margin of 16.82%. The company's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 EPS. On average, research analysts expect that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be paid a $0.815 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a yield of 1.51%. Marsh & McLennan Companies's dividend payout ratio (DPR) is presently 40.15%.

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.