Perigon Wealth Management LLC Buys 1,182 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Perigon Wealth Management LLC increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,598 shares of the financial services provider's stock after purchasing an additional 1,182 shares during the quarter. Perigon Wealth Management LLC's holdings in Marsh & McLennan Companies were worth $2,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MMC. Carmichael Hill & Associates Inc. increased its position in Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock worth $29,000 after purchasing an additional 60 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Marsh & McLennan Companies during the third quarter worth approximately $31,000. Albion Financial Group UT acquired a new position in Marsh & McLennan Companies in the fourth quarter valued at approximately $38,000. Capital Performance Advisors LLP bought a new position in Marsh & McLennan Companies in the third quarter valued at approximately $41,000. Finally, Bangor Savings Bank bought a new stake in shares of Marsh & McLennan Companies during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded up $1.49 on Thursday, hitting $220.80. 2,708,983 shares of the stock were exchanged, compared to its average volume of 2,069,081. The business's fifty day moving average is $217.95 and its 200 day moving average is $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 $108.44 billion, a PE ratio of 27.19, 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 issued its earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (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%. Research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.67 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio is 40.15%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group set a $220.00 price objective on Marsh & McLennan Companies and gave the company a "sell" rating in a report on Friday, October 18th. Keefe, Bruyette & Woods upped their target price on shares of Marsh & McLennan Companies from $212.00 to $214.00 and gave the company an "underperform" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Barclays raised 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of "Hold" and an average price target of $228.60.

About Marsh & McLennan Companies

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.