Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Quilter Plc

Quilter Plc raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,907 shares of the financial services provider's stock after purchasing an additional 19,350 shares during the quarter. Marsh & McLennan Companies accounts for approximately 1.3% of Quilter Plc's investment portfolio, making the stock its 26th largest holding. Quilter Plc owned approximately 0.06% of Marsh & McLennan Companies worth $63,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fortitude Family Office LLC raised its holdings in shares of Marsh & McLennan Companies by 18.8% in the third quarter. Fortitude Family Office LLC now owns 285 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 45 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Marsh & McLennan Companies by 3.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,324 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 47 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Marsh & McLennan Companies by 2.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 2,343 shares of the financial services provider's stock valued at $523,000 after acquiring an additional 52 shares in the last quarter. BSW Wealth Partners raised its holdings in shares of Marsh & McLennan Companies by 5.1% in the third quarter. BSW Wealth Partners now owns 1,086 shares of the financial services provider's stock valued at $242,000 after acquiring an additional 53 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Marsh & McLennan Companies by 3.5% in the third quarter. CENTRAL TRUST Co now owns 1,595 shares of the financial services provider's stock valued at $356,000 after acquiring an additional 54 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MMC has been the topic of several analyst reports. UBS Group lifted their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Raymond James reiterated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. JPMorgan Chase & Co. lifted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. BMO Capital Markets lifted their target price on Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Roth Mkm lifted their target price on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE MMC traded up $2.09 during trading hours on Thursday, reaching $231.06. The stock had a trading volume of 1,567,554 shares, compared to its average volume of 2,209,288. The stock has a fifty day moving average of $216.66 and a 200 day moving average of $221.83. The stock has a market cap of $113.48 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 52-week low of $195.99 and a 52-week high of $235.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13.

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

Marsh & McLennan Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 30th will be given 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 1.41%. Marsh & McLennan Companies's dividend payout ratio is currently 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.