Smartleaf Asset Management LLC Purchases 1,117 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Smartleaf Asset Management LLC raised its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,494 shares of the financial services provider's stock after acquiring an additional 1,117 shares during the period. Smartleaf Asset Management LLC's holdings in Marsh & McLennan Companies were worth $1,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Marsh & McLennan Companies by 2.2% in the third quarter. Geode Capital Management LLC now owns 11,905,431 shares of the financial services provider's stock worth $2,648,304,000 after acquiring an additional 251,361 shares during the period. Louisbourg Investments Inc. lifted its stake in Marsh & McLennan Companies by 67.2% in the fourth quarter. Louisbourg Investments Inc. now owns 8,211 shares of the financial services provider's stock worth $1,744,000 after acquiring an additional 3,300 shares during the period. Citigroup Inc. lifted its stake in Marsh & McLennan Companies by 4.8% in the third quarter. Citigroup Inc. now owns 508,245 shares of the financial services provider's stock worth $113,384,000 after acquiring an additional 23,445 shares during the period. Kinsale Capital Group Inc. lifted its stake in Marsh & McLennan Companies by 16.8% in the third quarter. Kinsale Capital Group Inc. now owns 27,004 shares of the financial services provider's stock worth $6,024,000 after acquiring an additional 3,880 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in Marsh & McLennan Companies by 197.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 11,116 shares of the financial services provider's stock valued at $2,480,000 after buying an additional 7,380 shares during the period. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Price Performance

Marsh & McLennan Companies stock traded down $1.86 during mid-day trading on Thursday, hitting $235.94. 984,062 shares of the company were exchanged, compared to its average volume of 1,621,521. The business has a fifty day moving average of $221.95 and a 200 day moving average of $223.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $115.88 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $241.84.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its 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%. As a group, sell-side analysts expect 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 issued a dividend of $0.815 per share. This represents a $3.26 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.

Wall Street Analysts Forecast Growth

MMC has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on 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. Keefe, Bruyette & Woods cut their target price on Marsh & McLennan Companies from $214.00 to $210.00 and set an "underperform" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of "Hold" and an average price target of $230.44.

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.