Addison Advisors LLC Buys 119 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Addison Advisors LLC grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 409 shares of the financial services provider’s stock after buying an additional 119 shares during the quarter. Addison Advisors LLC’s holdings in Marsh & McLennan Companies were worth $87,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its stake in shares of Marsh & McLennan Companies by 7,320.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,108,758 shares of the financial services provider’s stock worth $235,511,000 after purchasing an additional 1,093,817 shares during the last quarter. FMR LLC grew its stake in shares of Marsh & McLennan Companies by 2.5% in the third quarter. FMR LLC now owns 21,445,110 shares of the financial services provider’s stock worth $4,784,190,000 after purchasing an additional 518,185 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Marsh & McLennan Companies by 127.9% in the third quarter. The Manufacturers Life Insurance Company now owns 899,716 shares of the financial services provider’s stock worth $200,718,000 after purchasing an additional 504,897 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Marsh & McLennan Companies by 219.5% in the third quarter. Los Angeles Capital Management LLC now owns 529,239 shares of the financial services provider’s stock worth $118,068,000 after purchasing an additional 363,569 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Marsh & McLennan Companies in the third quarter worth $76,424,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Trading Up 0.5 %

MMC opened at $233.99 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $235.50. The firm has a market capitalization of $114.92 billion, a PE ratio of 28.57, a P/E/G ratio of 2.70 and a beta of 0.96. The company’s 50-day moving average is $219.03 and its 200 day moving average is $222.50.

Marsh & McLennan Companies (NYSE:MMC) last posted its 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%. As a group, research analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. The ex-dividend date was Thursday, January 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.39%. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Analysts Set New Price Targets

MMC has been the topic of a number of research analyst reports. Royal Bank of Canada raised shares of Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $242.00 to $250.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target 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. Keefe, Bruyette & Woods cut their price target on shares of 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 upped their price target on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company upped their price target on shares of 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently 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.