78,679 Shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) Bought by SVB Wealth LLC

SVB Wealth LLC bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 78,679 shares of the financial services provider's stock, valued at approximately $16,712,000.

Several other hedge funds have also modified their holdings of the stock. Carmichael Hill & Associates Inc. boosted its position in Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the third quarter valued at about $31,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the fourth quarter worth about $33,000. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the 4th quarter valued at about $36,000. Finally, Albion Financial Group UT acquired a new stake in shares of Marsh & McLennan Companies during the 4th quarter worth approximately $38,000. 87.99% of the stock is owned by institutional investors.

Marsh & McLennan Companies Stock Down 1.1 %

NYSE MMC traded down $2.61 during trading on Tuesday, hitting $236.87. The stock had a trading volume of 1,306,906 shares, compared to its average volume of 1,621,342. The company has a market capitalization of $116.34 billion, a PE ratio of 28.93, a P/E/G ratio of 2.70 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.75. The company's 50-day moving average price is $221.02 and its two-hundred day moving average price is $222.97. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced its earnings results on Thursday, January 30th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. As a group, sell-side analysts forecast that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a dividend of $0.815 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.38%. Marsh & McLennan Companies's payout ratio is presently 39.80%.

Analyst Ratings Changes

A number of brokerages have issued reports on MMC. JPMorgan Chase & Co. raised their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price target 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. Raymond James reiterated an "outperform" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Wells Fargo & Company raised their target price on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Two equities research 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.