Oppenheimer Asset Management Inc. Acquires 294 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Oppenheimer Asset Management Inc. increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,814 shares of the financial services provider’s stock after purchasing an additional 294 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Marsh & McLennan Companies were worth $14,829,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Carmichael Hill & Associates Inc. boosted its holdings in shares of Marsh & McLennan Companies by 85.7% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Marsh & McLennan Companies during the third quarter worth $31,000. Financial Life Planners acquired a new stake in Marsh & McLennan Companies in the fourth quarter valued at $33,000. Sierra Ocean LLC bought a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at about $36,000. Finally, Albion Financial Group UT acquired a new position in shares of Marsh & McLennan Companies during the 4th quarter worth about $38,000. Institutional investors own 87.99% of the company’s stock.

Marsh & McLennan Companies Stock Performance

MMC opened at $234.80 on Friday. The company has a market cap of $115.32 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.70 and a beta of 0.96. The company’s fifty day moving average price is $219.95 and its two-hundred day moving average price is $222.65. Marsh & McLennan Companies, Inc. has a 1-year low of $196.17 and a 1-year high of $236.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.12. Marsh & McLennan Companies had a return on equity of 32.60% and a net margin of 16.60%. On average, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MMC. Keefe, Bruyette & Woods reduced 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. Barclays upped their target price on 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. Wells Fargo & Company boosted their price target 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. Evercore ISI reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Marsh & McLennan Companies in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Marsh & McLennan Companies presently has a consensus rating of “Hold” and an average 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.