Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Acquired by Louisbourg Investments Inc.

Louisbourg Investments Inc. boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 67.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,211 shares of the financial services provider’s stock after acquiring an additional 3,300 shares during the period. Louisbourg Investments Inc.’s holdings in Marsh & McLennan Companies were worth $1,744,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MMC. Allspring Global Investments Holdings LLC boosted its stake in Marsh & McLennan Companies by 24.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 184,191 shares of the financial services provider’s stock worth $38,927,000 after buying an additional 36,483 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its position in shares of Marsh & McLennan Companies by 1.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 6,242 shares of the financial services provider’s stock valued at $1,325,000 after acquiring an additional 102 shares during the last quarter. TFB Advisors LLC grew its holdings in shares of Marsh & McLennan Companies by 2.0% in the fourth quarter. TFB Advisors LLC now owns 2,576 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 51 shares during the period. Schear Investment Advisers LLC increased its position in Marsh & McLennan Companies by 12.7% during the fourth quarter. Schear Investment Advisers LLC now owns 2,099 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 237 shares during the last quarter. Finally, Portfolio Design Labs LLC raised its stake in Marsh & McLennan Companies by 18.2% during the fourth quarter. Portfolio Design Labs LLC now owns 1,129 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 174 shares during the period. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Stock Up 0.0 %

Marsh & McLennan Companies stock opened at $228.12 on Wednesday. Marsh & McLennan Companies, Inc. has a 1-year low of $194.94 and a 1-year high of $235.50. The stock has a market cap of $112.04 billion, a PE ratio of 27.85, a P/E/G ratio of 2.35 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.14. The stock’s fifty day moving average is $216.67 and its two-hundred day moving average is $221.78.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data 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 net margin of 16.60% and a return on equity of 32.60%. On average, sell-side analysts expect that Marsh & McLennan Companies, Inc. will post 9.54 EPS for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.815 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.43%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analyst Ratings Changes

MMC has been the topic of several analyst reports. The Goldman Sachs Group set a $220.00 price target on shares of Marsh & McLennan Companies and gave the company a “sell” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods reduced 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. Barclays increased their price target on Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a report on Thursday, February 6th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $242.00 target price 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 issued a buy rating to the company. According to data from MarketBeat.com, Marsh & McLennan Companies presently has a consensus rating of “Hold” and a consensus target price 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.