PUREfi Wealth LLC Acquires Shares of 1,598 Marsh & McLennan Companies, Inc. (NYSE:MMC)

PUREfi Wealth LLC bought a new stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,598 shares of the financial services provider's stock, valued at approximately $339,000.

Other large investors have also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. raised 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 acquiring an additional 60 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Marsh & McLennan Companies in the 3rd quarter valued at about $31,000. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $33,000. Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $38,000. Finally, Capital Performance Advisors LLP acquired a new position in Marsh & McLennan Companies in the 3rd quarter valued at about $41,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.4 %

Shares of MMC traded up $0.99 during midday trading on Wednesday, reaching $231.13. 2,042,519 shares of the company were exchanged, compared to its average volume of 2,162,435. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $235.50. The company has a market cap of $113.51 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 2.36 and a beta of 0.96. The stock has a 50-day moving average price of $217.29 and a 200-day moving average price of $222.03.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly 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 expect that Marsh & McLennan Companies, Inc. will post 9.6 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were paid a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is 39.80%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MMC. Keefe, Bruyette & Woods cut their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating for the company in a report on Monday, February 3rd. Barclays upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Evercore ISI reissued an "outperform" rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Raymond James reaffirmed an "outperform" rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $230.44.

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.