Vicus Capital Has $646,000 Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Vicus Capital boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 101.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,040 shares of the financial services provider's stock after acquiring an additional 1,529 shares during the quarter. Vicus Capital's holdings in Marsh & McLennan Companies were worth $646,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Carmichael Hill & Associates Inc. lifted 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 worth $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Marsh & McLennan Companies in the third quarter valued at $31,000. Financial Life Planners acquired a new stake in shares of Marsh & McLennan Companies during the fourth quarter worth about $33,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies in the 4th quarter valued at about $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of 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.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Evercore ISI reissued an "outperform" rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Barclays upped their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. lifted 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 report on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada upgraded shares of Marsh & McLennan Companies from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has a consensus rating of "Hold" and an average target price of $230.44.

Marsh & McLennan Companies Stock Up 0.5 %

Shares of NYSE:MMC traded up $1.21 during midday trading on Tuesday, reaching $230.04. The company had a trading volume of 1,394,261 shares, compared to its average volume of 2,166,305. The stock has a market capitalization of $112.97 billion, a P/E ratio of 28.09, a PEG ratio of 2.35 and a beta of 0.96. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $235.50. The stock's fifty day moving average price is $217.00 and its 200-day moving average price is $221.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last announced 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%. Equities research analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 30th were paid a $0.815 dividend. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies's dividend payout ratio is presently 39.80%.

About Marsh & McLennan Companies

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.