Compagnie Lombard Odier SCmA Has $19.31 Million Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Compagnie Lombard Odier SCmA increased its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 28.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 90,908 shares of the financial services provider’s stock after acquiring an additional 20,120 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Marsh & McLennan Companies were worth $19,310,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB lifted its position in shares of Marsh & McLennan Companies by 16.8% in the 3rd quarter. AMF Tjanstepension AB now owns 132,205 shares of the financial services provider’s stock worth $29,507,000 after acquiring an additional 19,024 shares during the period. Creative Planning increased its holdings in Marsh & McLennan Companies by 6.3% during the 3rd quarter. Creative Planning now owns 98,579 shares of the financial services provider’s stock valued at $21,992,000 after purchasing an additional 5,857 shares in the last quarter. Walter Public Investments Inc. increased its stake in shares of Marsh & McLennan Companies by 4.5% in the 3rd quarter. Walter Public Investments Inc. now owns 112,494 shares of the financial services provider’s stock valued at $25,096,000 after buying an additional 4,807 shares during the period. nVerses Capital LLC raised its position in shares of Marsh & McLennan Companies by 16.7% during the third quarter. nVerses Capital LLC now owns 4,900 shares of the financial services provider’s stock worth $1,093,000 after acquiring an additional 700 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its position in shares of Marsh & McLennan Companies by 0.7% during the third quarter. Bleakley Financial Group LLC now owns 30,182 shares of the financial services provider’s stock worth $6,733,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 87.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MMC. UBS Group upped their price objective on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $242.00 to $250.00 in a research report on Thursday, December 12th. Evercore ISI reissued an “outperform” rating and set 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 objective on Marsh & McLennan Companies from $212.00 to $223.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Roth Mkm upped their price objective on Marsh & McLennan Companies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 0.9 %

Marsh & McLennan Companies stock opened at $231.06 on Friday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $195.99 and a fifty-two week high of $235.50. The firm’s fifty day moving average price is $216.66 and its 200-day moving average price is $221.83. The stock has a market cap of $113.48 billion, a P/E ratio of 28.21, a PEG ratio of 2.35 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13.

Marsh & McLennan Companies (NYSE:MMC) last posted 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%. Equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be issued a dividend of $0.815 per share. The ex-dividend date is Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.41%. Marsh & McLennan Companies’s dividend payout ratio is currently 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.