Fielder Capital Group LLC Boosts Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fielder Capital Group LLC increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,321 shares of the financial services provider’s stock after acquiring an additional 767 shares during the quarter. Fielder Capital Group LLC’s holdings in Marsh & McLennan Companies were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in shares of Marsh & McLennan Companies by 7.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,278 shares of the financial services provider’s stock valued at $271,000 after buying an additional 92 shares during the period. Heritage Oak Wealth Advisors LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at approximately $248,000. Proficio Capital Partners LLC grew its holdings in shares of Marsh & McLennan Companies by 29,648.6% during the 4th quarter. Proficio Capital Partners LLC now owns 688,978 shares of the financial services provider’s stock worth $146,346,000 after acquiring an additional 686,662 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Marsh & McLennan Companies by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 69,814 shares of the financial services provider’s stock valued at $14,829,000 after purchasing an additional 294 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Marsh & McLennan Companies by 1.9% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 194,788 shares of the financial services provider’s stock valued at $41,375,000 after purchasing an additional 3,700 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Marsh & McLennan Companies Trading Up 1.4 %

Marsh & McLennan Companies stock opened at $234.80 on Friday. Marsh & McLennan Companies, Inc. has a one year low of $196.17 and a one year high of $236.00. The business’s fifty day moving average is $219.95 and its 200 day moving average is $222.65. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $115.32 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.70 and a beta of 0.96.

Marsh & McLennan Companies (NYSE:MMC) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $1.87 earnings per share 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%. On average, sell-side analysts predict that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 30th were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend 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%.

Analyst Ratings Changes

A number of equities analysts have issued reports on MMC shares. Royal Bank of Canada upgraded Marsh & McLennan Companies from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $242.00 to $250.00 in a report on Thursday, December 12th. Raymond James reissued an “outperform” rating and set a $250.00 price target (up from $240.00) on shares of Marsh & McLennan Companies in a research report on Thursday, February 6th. Barclays upped their price objective on shares of Marsh & McLennan Companies from $236.00 to $246.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods lowered 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 report on Monday, February 3rd. Finally, Wells Fargo & Company upped their price target on Marsh & McLennan Companies from $212.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Two equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.