Colonial River Investments LLC Grows Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Colonial River Investments LLC boosted its position in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,717 shares of the financial services provider’s stock after buying an additional 270 shares during the period. Colonial River Investments LLC’s holdings in Marsh & McLennan Companies were worth $365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Marsh & McLennan Companies by 3.2% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 153,931 shares of the financial services provider’s stock worth $32,696,000 after purchasing an additional 4,800 shares during the period. Delta Financial Group Inc. acquired a new stake in shares of Marsh & McLennan Companies in the 4th quarter worth $575,000. Delap Wealth Advisory LLC lifted its position in Marsh & McLennan Companies by 4.3% during the 4th quarter. Delap Wealth Advisory LLC now owns 9,990 shares of the financial services provider’s stock worth $2,122,000 after acquiring an additional 416 shares during the period. MONECO Advisors LLC lifted its position in Marsh & McLennan Companies by 11.7% during the 4th quarter. MONECO Advisors LLC now owns 1,080 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 113 shares during the period. Finally, Howard Capital Management Inc. lifted its holdings in shares of Marsh & McLennan Companies by 5.0% in the 4th quarter. Howard Capital Management Inc. now owns 3,100 shares of the financial services provider’s stock valued at $658,000 after buying an additional 148 shares during the period. 87.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target 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. Evercore ISI restated an “outperform” rating and issued a $242.00 price target on shares of Marsh & McLennan Companies in a research report on Monday, November 25th. Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price objective on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, February 3rd. Finally, Raymond James restated an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. 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 currently has a consensus rating of “Hold” and a consensus target price of $230.44.

Marsh & McLennan Companies Stock Performance

NYSE:MMC opened at $230.05 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm’s fifty day simple moving average is $218.22 and its 200 day simple moving average is $222.31. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The firm has a market capitalization of $112.98 billion, a PE ratio of 28.09, a PEG ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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%.

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.