TigerOak Management L.L.C. purchased a new stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,553 shares of the financial services provider's stock, valued at approximately $330,000.
Other large investors also recently modified their holdings of the company. Carmichael Hill & Associates Inc. increased its position in shares of Marsh & McLennan Companies by 85.7% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Marsh & McLennan Companies in the third quarter worth approximately $31,000. Financial Life Planners bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at $33,000. Albion Financial Group UT bought a new position in Marsh & McLennan Companies in the 4th quarter worth $38,000. Finally, Capital Performance Advisors LLP purchased a new position in Marsh & McLennan Companies during the third quarter valued at $41,000. Institutional investors own 87.99% of the company's stock.
Marsh & McLennan Companies Stock Up 0.4 %
NYSE:MMC traded up $0.99 during mid-day trading on Wednesday, reaching $231.13. The company's stock had a trading volume of 2,042,519 shares, compared to its average volume of 2,162,435. 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 firm has a market capitalization of $113.51 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The stock has a fifty day moving average of $217.29 and a 200-day moving average of $222.03. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50.
Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.6 earnings per share for the current year.
Marsh & McLennan Companies Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio (DPR) is currently 39.80%.
Wall Street Analyst Weigh In
MMC has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped 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. Raymond James restated an "outperform" rating and set a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. UBS Group increased their price target on Marsh & McLennan Companies from $255.00 to $259.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada upgraded Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $230.44.
Read Our Latest Stock Analysis on Marsh & McLennan Companies
About Marsh & McLennan Companies
(
Free Report)
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.
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