Marsh & McLennan Companies, Inc. (NYSE:MMC) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,798 shares of the financial services provider’s stock after purchasing an additional 2,374 shares during the period. Sanctuary Advisors LLC’s holdings in Marsh & McLennan Companies were worth $19,388,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC grew its position in Marsh & McLennan Companies by 422.3% during the fourth quarter. Catalyst Capital Advisors LLC now owns 726 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 587 shares during the period. Baillie Gifford & Co. increased its position in Marsh & McLennan Companies by 27.2% during the 4th quarter. Baillie Gifford & Co. now owns 108,919 shares of the financial services provider’s stock worth $23,135,000 after purchasing an additional 23,319 shares in the last quarter. Sierra Ocean LLC acquired a new position in Marsh & McLennan Companies during the fourth quarter valued at approximately $36,000. Spectrum Wealth Advisory Group LLC purchased a new stake in Marsh & McLennan Companies during the fourth quarter worth approximately $522,000. Finally, J.W. Cole Advisors Inc. increased its position in shares of Marsh & McLennan Companies by 38.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 1,495 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 415 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Down 0.9 %

NYSE:MMC opened at $228.95 on Tuesday. Marsh & McLennan Companies, Inc. has a 1 year low of $196.17 and a 1 year high of $235.50. The business has a fifty day moving average of $216.79 and a 200-day moving average of $221.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.14 and a current ratio of 1.13. The stock has a market cap of $112.44 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.35 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last issued 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 net margin of 16.60% and a return on equity of 32.60%. Equities analysts predict that Marsh & McLennan Companies, Inc. will post 9.54 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The company also recently announced 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. The ex-dividend date was Thursday, January 30th. This represents a $3.26 annualized dividend and a yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is currently 39.80%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MMC shares. JPMorgan Chase & Co. increased their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a report on Monday, February 3rd. Evercore ISI reiterated an “outperform” rating and set a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Raymond James reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Finally, UBS Group raised their target price on Marsh & McLennan Companies from $255.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.