LGT Fund Management Co Ltd. Buys New Position in Marsh & McLennan Companies, Inc. (NYSE:MMC)

LGT Fund Management Co Ltd. bought a new position in Marsh & McLennan Companies, Inc. (NYSE:MMC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,240 shares of the financial services provider’s stock, valued at approximately $476,000.

Other institutional investors also recently modified their holdings of the company. Carmichael Hill & Associates Inc. raised its stake in shares of Marsh & McLennan Companies by 85.7% in the third quarter. Carmichael Hill & Associates Inc. now owns 130 shares of the financial services provider’s stock worth $29,000 after buying an additional 60 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Marsh & McLennan Companies in the 3rd quarter worth approximately $31,000. Financial Life Planners purchased a new position in Marsh & McLennan Companies during the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new stake in Marsh & McLennan Companies during the 4th quarter valued at $36,000. Finally, Albion Financial Group UT bought a new position in shares of Marsh & McLennan Companies in the 4th quarter worth $38,000. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods reduced their price objective on 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. Raymond James reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Marsh & McLennan Companies in a research note on Thursday, February 6th. Evercore ISI reaffirmed an “outperform” rating and set a $242.00 price target 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 company a “neutral” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $230.44.

Marsh & McLennan Companies Trading Up 0.7 %

Shares of Marsh & McLennan Companies stock opened at $239.53 on Tuesday. Marsh & McLennan Companies, Inc. has a fifty-two week low of $196.17 and a fifty-two week high of $239.81. The firm has a market cap of $117.64 billion, a PE ratio of 29.25, a P/E/G ratio of 2.70 and a beta of 0.96. The business’s fifty day moving average is $221.02 and its two-hundred day moving average is $222.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

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 return on equity of 32.60% and a net margin of 16.60%. Analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, January 30th were paid a dividend of $0.815 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, January 30th. Marsh & McLennan Companies’s dividend payout ratio is presently 39.80%.

Marsh & McLennan Companies Company 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.