Andra AP fonden Raises Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Andra AP fonden boosted its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 501.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,500 shares of the financial services provider’s stock after buying an additional 29,600 shares during the period. Andra AP fonden’s holdings in Marsh & McLennan Companies were worth $7,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Financial Life Planners purchased a new position in shares of Marsh & McLennan Companies in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new position in shares of Marsh & McLennan Companies in the fourth quarter worth $36,000. Albion Financial Group UT purchased a new stake in shares of Marsh & McLennan Companies during the fourth quarter valued at $38,000. Capital Performance Advisors LLP acquired a new position in shares of Marsh & McLennan Companies in the 3rd quarter valued at $41,000. Finally, Golden State Wealth Management LLC purchased a new position in Marsh & McLennan Companies in the 4th quarter worth $41,000. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MMC shares. Royal Bank of Canada raised Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $242.00 to $250.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Evercore ISI reiterated an “outperform” rating and issued a $242.00 price objective on shares of Marsh & McLennan Companies in a research note on Monday, November 25th. Keefe, Bruyette & Woods decreased their target price on shares of Marsh & McLennan Companies from $214.00 to $210.00 and set an “underperform” rating for the company in a research report on Monday, February 3rd. Finally, Barclays lifted their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies has a consensus rating of “Hold” and an average target price of $230.44.

Marsh & McLennan Companies Price Performance

NYSE:MMC opened at $235.40 on Friday. The firm has a market cap of $115.61 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The stock has a 50 day moving average of $222.83 and a two-hundred day moving average of $223.35. Marsh & McLennan Companies, Inc. has a 12 month low of $196.17 and a 12 month high of $241.84. 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 announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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 earnings per share for the current fiscal year.

Marsh & McLennan Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.38%. Marsh & McLennan Companies’s payout ratio is 39.80%.

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.